Please help

C1: Short-Run Input-Output Relation: Consider the total product curve (11') on the diagram below that depicts the relationship between output quantity and labor Input employed, holding all other inputs constant. Three Stages 123'5670910 ii} In Stage I, the total product curve is convex. Thus, output will , as more and more labor input is added to the production. [Pick from: [A] increase at an increasing rate, [B] increase at a decreasing rate, {C} decrease, {E} stay constant] Answer: {ii} In Stage II, the total product cume is concave. Thus, output will , as more and more labor input is added to the production. [Pick from: {A} increase at an increasing rate, [B] increase at a decreasing rate, {(2} decrease, [E] stay constant] Answer: {iii In Stage III, the total product curve is downward sloping. Thus, output will , as more and more labor input is added to the production. [Pick from: {A} increase at an increasing rate, [B] increase at a decreasing rate, {C} decrease, {El stay constant] C2: Short-Run Input-Output Relation: Given the total product curve ['I'P) in the diagram here, you are to draw the marginal product curve [M P] and the average product cum [AP] in the diagram on the next page. Before doing that, answer the following questions. ii) What is the term describing the Th ree Stages extra output associated with adding a unit of variable input (in this case, labor), to the production process. {Pick from: total product. marginal product and average product.) Answer: Product Iii} What is the term describing output per unit of the variable input in question [in this case, labor)? (Pick from: total product, marginal product, and average product.) Answer: Product {iii} According to 'Hlnt on Drawing MP mm on mm "P Cum: c""' ' at What lab" input quantity Mien TP is increasing at an increasing rain beyond which the marginal product of _._ MP Is increasing labor starts to fall as more labor is added? {In other words, at what labor input Whirl TP is increasing at a decreasing rate quantity is the marginal product of labor \" \"P '5 decreasing reach its maximum?\" Mien TP is decreasing . up is negative. Answer: units {iv} According to 'Hlnt on Drawing MP Curve", at what labor input quantity beyond which the marginal product of labor becomes negative? Answer: units {vi Based on your answers in {iii} and {iv}, and "Hint on Drawing MP Curve", draw on the lower-half of the diagram below a theoretically correct marginal product curve of labor. Label it as MP, and identify the maximum point by putting a circle around it. Three Stages Hint on Drawing MP Curve: 120- When TP is increasing at an increasing rate 100- - MP is increasing convex concave When TP is increasing at a decreasing rate Total Product II III - MP is decreasing 8:8 8 When TP is decreasing - MP is negative. 0 3 5 6 7 8 9 10 Labor MP, AP Labor (vi) Following "Hint on Drawing AP Curve", Hint on Drawing AP Curve: draw on the lower-half of the diagram above a theoretically correct average Due to momentum, the max point of the AP product curve of labor. Label it as AP, and curve comes after the max point of the MP identify the maximum point by putting a curve. circle around it. When MP > AP - AP is increasing When MP = AP - AP is at its max When MP