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Graph (on three separate graphs) the total product of labor (T PL), average product of labor (APL), and marginal product of labor (MPL) for the
Graph (on three separate graphs) the total product of labor (T PL), average product of labor (APL), and marginal product of labor (MPL) for the following production functions. Write down the function that you are graphing. In each case, assume that K is fixed at 4.
(a) (5) Q = f(L, K) = 2L^0.5 * K^0.5
(b) (5) Q = f(L, K) = min{2L, K}
(c) (5) Q = f(L, K) = 2L + K
(d) (5) Q = f(L, K) = L^0.5 + 2K
Can you please check my answers for accuracy and help write the TP, AP, and MP graphs?
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