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Answer what is being asked. You can make your own table to illustrate your answers . You can do it on your laptop or mobile

Answer what is being asked. You can make your own table to illustrate your answers . You can do it on your laptop or mobile phone or you can do it on yellow paper then send or turn in your answers. Question : Consider the following inputs table: a) Calculate the Total Product Marginal product, Average Product, and Elasticity of Production. b) Within what ranges do we see increasing returns, decreasing returns and negative returns? c) Within what range does the DMRTS happens

USE A LINEAR PRODUCTION FUNCTION

Labor Capital
10 200
15 500
20 800
30 1200
40 1500
50 1800
60 2000
70 2300
80 2500
90 2800

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