Bumble Bee Tuna Company: To hire or not? SHOW ALL WORK

Workers (x)	Canned tuna (y)
0	0
1	40
2	90
3	150
4	170
5	190
6	200
7	200
8	210
9	230

1. Determine and draw a graph to show total product, marginal product, average product and other point of diminishing marginal returns
2. trace the points that delineate the 3 stages of production and describe each stage of production. describe the role of fixed input in each of the stages
3. suppose the market price of each canned tuna is $2 per unit. how many workers should the company use if average daily worker rate is $40. why? give an economic explanation
4. suppose a shortage of tuna in the market raises the price of canned tuna to $3 per unit. how many workers will be used? why? explain? what steps can the firm do to make the firm more profitable.