PRINT THIS PAGE to complete the work in your own handwriting - then scan your document or take a digital photo to submit to the dropbox for grading! Short-Run Production Function for Tony's Hat Store Quantity of Input Total Product Marginal Product Average Product (workers hired) (Total hats produced) (additional hats (hats per worker) from each worker) 0 10 25 45 60 70 75 70 First, complete the table above! Then answer the questions below. All work must be done in your own handwriting. Submit your scanned document or digital image to the dropbox for grading. Questions: 1. What is the marginal product as a result of hiring the 5" worker? 2. What is the average product of 2 workers? 3. At what point does marginal product diminish? (hiring which worker?) 4. If marginal product is zero, what would happen to total product? (may or may not happen in your table/chart above). 5. The hiring of which worker leads to 20 additional hats being produced? 6. How many total workers does it take to make 60 hats? 7. What is the result of hiring the 7" worker? What do economists call it when this happens? 8. Compare MP and AP throughout your table/chart above. How does MP affect AP