Suppose that there is a company involved in the production of foodstuff. As an expert in production, you are needed to analyze the performance of that company by focusing on the Marginal Product of Labor (MPL) and Average Product of Labor (APL). And the following data is given below;

Inputs of Labor	Total Product	Marginal Product of Labor (MPL)	Average Product of Labor (APL)
0 1 2 3 4 5 6 7 8	0 15 34 51 65 74 80 83 82

1. Complete the table above by calculating the marginal and average products from the data given. (5 marks)
2. Plot the total, marginal and average products and explain the relationship between each pair of curves in detail.

Explain why marginal product rises, declines, and ultimately becomes negative.

capital gain is taxed Individuals pay taxes on wages, on investment income, and on the profits of proprietorships and partnerships. Taxable income is defined as gross income less a set of deductions. In 2018, the personal exemption is for taxpayers and their dependents is zero. A capital gain (loss) is the profit (loss) from the sale of a capital asset for more (less) than its purchase price. In 2018, for most taxpayers a-Select- at a maximum rate of 15%, while a -Select- : capital gain is taxed as ordinary income [for high-income taxpayers the tax rate on long-term capital gains is 20%). Select: income consists of dividend and interest income. Interest income (except interest on state and local government debt which is exempt from federal taxes) is taxed as -Select- #, while dividends are taxed at the same rate as long-term -Select- within certain limits. Projected 2018 tax rate schedules are shown for single individuals and 4. Generally, interest payments are not tax deductible for individuals except for interest on -Select- married couples filing jointly. If Your Taxable Income Is Up to $9,525 $9,525 $38,700 $38,700 $82,500 $82,500 - $157,500 $157,500 $200,000 $200,000 - $500,000 Over $500,000 2018 Individual Tax Rates Single Individuals You Pay This Amount on the Base of the Bracket so 952.50 4,453.50 14,089.50 32,089.50 45,689.50 150,689.50 613.000 Plus This Percentage on the Excess over the Base (Marginal Rate) 10.0% 12.0 22.0 24.0 32.0 35.0 37.0 Average Tax Rate at Top of Bracket 10.0% 11.5 17.1 20.4 22.8 30.1 37.0 If Your Taxable Income Is Up to $19,050 $19,050 $77,400 $77,400 $165,000 $165,000 $315,000. $315,000 $400,000 $400,000 $600,000 Over $600,000 $ Corporate Married Couples Filing Joint Returns You Pay This Plus This Percentage on the Excess over the Base (Marginal Rate) 10.0% 12.0 22.0 24.0 32.0 Amount on the Base of the Bracket $0 1,905.00 8,907.00 28,179.00 64,179.00 91,379.00 161,379.00 35.0 37.0 Standard deduction for married couples filing jointly: $24,000 Quantitative Problem: Jenna is a single taxpayer. During 2018, she earned wages of $138,000. She doesn't itemize deductions, so she will take the standard deduction to calculate 2018 taxable income. In addition, during the year she sold common stock that she had owned for five years for a net profit of $4,900. How much does Jenna owe to the IRS for taxes? Do not round intermediate calculations. Round your answer to the nearest cent. $ Average Tax Rate at Top of Bracket 10.0% 11.5 17.1 20.4 22.8 26.9 37.0 Corporations earn most of their income from operations; however, they may also receive interest and dividend income. -Select- income is taxed as ordinary income; however, -Select- income is taxed more favorably. 50% of -Select-received is excluded from taxable income, while the remaining 50% is taxed at the ordinary tax rate. For businesses, -Select- payments are regarded as an expense so they are tax deductible; however, -Select- : payments are not tax deductible. Consequently, our tax system encourages -Select- +] financing over -Select- # financing. Depreciation expense is tax deductible, so the larger the depreciation, the Select the taxable income, the select the taxes, and the Select the firm's operating cash flow. Quantitative Problem: Andrews Corporation has income from operations of $234,000. In addition, it received interest income of $23,400 and received dividend income of $31,100 from another corporation. Finally, it paid $9,500 of interest income to its bondholders and paid $47,900 of dividends to its common stockholders. The firm's federal tax rate is 21%. What is the firm's federal income tax? Do not round intermediate calculations. Round your answer to the nearest dollar.