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table. At what quantity ofLabor Input Total Product Marginal Product Average Product 1 7 7 7.0 2 15 8 7.5 3 24 9 8.0 4
table. At what quantity ofLabor Input Total Product Marginal Product Average Product 1 7 7 7.0 2 15 8 7.5 3 24 9 8.0 4 32 8 8.0 5 39 7 7.8 6 45 6 7.5 7 50 5 7.1 Part 2 1.) Using the 4-point curved line drawing tool, draw the marginal product curve, and label this line 'MP'. 2.) Using the 4-point curved line drawing tool, draw the average product curve, and label this line 'AP'. (For your control points, use 1,3, 4, and 7 units of labor.) Part 3 Carefully follow the instructions above, and only draw the required objects. Part 4 The marginal cost curve will intersect the average variable cost curve at its point, which occurs when total product equals enter your response here units. . . . Question content area right Part 1 0 1 2 3 4 5 6 7 8 9 10 0 2 4 6 8 10 12 14 Units of Labor MP, AP labor does the law of diminishing marginal product set in? Part 2 A. at 2 units B. at 6 units C. at 1 unit D. at 3 units . . . Question content
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