QUESTION 3 Using the information from Lindsay's Farms, the following Marginal Product of Labor Curve and Average Product of Labor Curve are illustrated below. Use the following graph identify the Average Product Curve and the Marginal Product Curve for Lindsay's Farm by labeling the curves with "APL Curve" for Average Product Curve and "MPL Curve" for Marginal Product Curve. Product MPLAP 8 9 8 8 Average/Marginal Product O o N + m in Labor Orange Curve Blue Curve QUESTION 4 Using the example from Lindsay's Farm and either Question 1 or 2, we find that diminshing marginal returns sets in upon hiring the [A] worker. QUESTION 5 Using the example of Lindsay's Farm, we know that diminishing marginal returns sets in because marginal cost decreases as output increases marginal product of labor decreases as labor increases marginal product of labor increases as labor increases marginal cost decreases as marginal product of labor decreases QUESTION 6 It is time to pay the bills. You pay the rent, the basic cable bill, the electricity bill, and your grocery bill. Which of these are good examples of fixed costs and which are variable costs? Explain your reasoning. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I US Paragraph Arial 10pt X2 X2 SX STT The