(l) (2) (3) (4) (5) (6) (7) Labor Output Agric. Mfr Agric Mfr. MPLA MPLM PPF Slope 0 i 0 e l 5 1 8 60 2 4 33 54 3 3 45 45__ 4 2 54 33 5 1 60 1 8 6 0 63 0 b. Use the above information to sketch the production possibilities frontier with manufacturing output on the horizontal axis and agricultural output on the vertical axis. Show the values of the horizontal and vertical intercepts and the coordinates of at least one other point on the PPF. c- Calculate the marginal product of labor in both industries between each pair of adjacent points on the production function and complete columns (5) and (6) of the above table. Write your answers in the line between the lines showing output. (This is because the NFL is continually decreasing; the NFL of a worker's first hour of work is higher than her last hour of work. The change in output from zero workers to one worker therefore reflects the MPL of a worker in the middle of the day, or at 0.5.) d. Calculate the slope of the production function between each pair of adjacent points. Complete column (7) 1. Use the specificfactors model to answer question 14 Assume that there are two industries, agriculture and manufacturing. The agricultural industry uses labor and. land as inputs while the manufacturing industry uses labor and capital as inputs. The production function for each good is as follows: Agriculture Production Function Land Labor Q3 20 O 0 20 l 18 20 2 33 20 3 45 20 4 54 20 5 60 20 6 63 Manufacturing Production Function Capital Labor QM 20 0 0 20 l 18 20 2 33 20 3 45 20 4 54 20 5 60 20 6 63