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Directions: Please answer all items on this homework. This homework must be typed except for anything that needs to be graphed or is mathematical in
Directions: Please answer all items on this homework. This homework must be typed except for anything that needs to be graphed or is mathematical in nature. No handwritten assignments will be accepted. You may do al graphing on a computer. You must show all your work. This homework needs to be submitted by the due date and time. Each question is worth 5 points unless otherwise stated. 1. 11. 12. . Please show the argument why AV C = . Please show the argument why M C = Please classify and explain what each stage of production you are in for each of the given scenarios: A. Average physical product is 26 and the marginal physical product is 46, B. Average physical product is 30 and the marginal physical product is -20, C. Average physical product is 47 and the marginal physical product is 27. . Please explain the relationship between average physical product (APP) and marginal physical product (MPP), i.e., explain what happens when APP>MPP, APP=MPP, and APP
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