Analysis of production level and costs Part |- Complete the tollowing table related to an example of the theory of production by calculating the marginal product and the average product. After completing the ta|:I|eI answer each of the parts. Number of Total production Marginal Product Average Product Workers D D 30 64 102 13E]I 14B 160 166 154 m-JUIU'ILMNH a. Prepare two graphs: in the first graph it represents the total production, in the other graph it represents the marginal production and average production. Explain in detail the relationship between each pair of curves. b. Explain in detail each of the three observed levels of marginal product. c. What influence does the law of diminishing returns have on production costs in the short run? Explain