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Show work and please try to make it neat [3) Draw the marginal product curve and the average product curve. Clearly identify increasing returns, decreasing

Show work and please try to make it neat

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[3) Draw the marginal product curve and the average product curve. Clearly identify increasing returns, decreasing returns and negative returns on the graph. :3) Over what range of labor does the firm experience increasing marginal returns? d) Over what range of labor does the rm experience decreasing marginal returns? e) Based on the data, does the rm ever experience negative returns to labor? 0 How many workers should I hire if I want to maximize worker productivity? g) At what quantity of labor is Marginal Product maximized? 2) Production Data: The table below shows the production capabilities for a small fishing operation in the Pacific Northwest. Total Product (TP) refers to the number of pounds caught in a day. Fill in the missing columns below. L TP=q MP AP 0 0.00 7.00 2 18.00 3 33.00 4 46.00 55.00 6 62.00 7 67.00 8 71.00 9 74.00 10 76.00 11 76.00 a) Draw the total product curve. Clearly identify the 3 stages of production by drawing dotted lines vertically at the appropriate labor levels

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