Need help answering the following questions

1. a) Fill in the blanks in the following table using the values given in some of the cells. The table shows labour inputs (Lb) and outputs (Y) for a firm. Suppose that just one input, Labour, is changing and that we are holding capital fixed. (Hint: To compute total output when labour input (Lb) = 2, note that APP=200. Hence, total output (Y) = Lb * APP = 400; now, knowing that total output increased from 150 to 400 when labour input increased from 1 to 2, you can compute the MPP between 1 and 2 = 400 - 150 = 250 and so on). Quantity of Total output Marginal Average Physical Labour Input (Y) Physical Product Product (Lb) (M PP) (APP) 0 _ 200 150 b) Graph the firm's MPP and APP of labour curves. (Hint: MPP and APP should be on the vertical axis and Lb on the horizontal axis}. Why do they intersect and where do they? When does diminishing returns set in? c) What intuitive explanation can you give for why the marginal physical product (MPP) of labour (Lb) becomes negative? For the following industries, identify factors used in those industries that in the short run are (i) fixed; (ii) variable. a. Spanish La iiga b. Michelin star restaurant. Distinguish between an inferior good and a Giffen good. This can be done intuitively or graphically using indifference curves. Indicate what the profit maximizing condition is for? a. A Perfect competitive firm b. A Monopolist c. Show graphically the profit maximizing condition in part a, and b. d. Explain intuitively the profit maximizing condition in part a, and b