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Pert A Sujhoon has a cake business in Dubai. She makes cakes and sell them online. The following table shows labor and total product combinations
Pert A Sujhoon has a cake business in Dubai. She makes cakes and sell them online. The following table shows labor and total product combinations of Sujhoon's cake production process. Required: A. Calculate average product ( 5 marks) b. Calculate marginal product ( 5 marks) c. Identify the "stages" of MP ( 5 marks) d. Draw the Labor and Total product curve in the first given graph space (5 marks) e. Draw the Labor and the average product and the marginal product in the second given graph space ( 5 marks) f. Show the "stages of MP" in both oranhe /5 markel Graph the total product curve. Make X axis 10 units (meaning 0 to 10). Make Y axis 100 unite in Ot 100 with increments of 10 ). Plot the total product curve. Graph the average product and marginal product curves. Make X axis range from 0 to 10 with increments of 1. Make Y axis range from -15 (negative) to +30 (positive) in increments of 5. Plot both curves on this graph. Identify the 3 stages on the graph
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