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The amount of fish caught per week an a trawler is a function of the crew size assigned to operate the boat. Based on past
The amount of fish caught per week an a trawler is a function of the crew size assigned to operate the boat. Based on past data, consider the following production function identifying the relationship between output and labor input. You may assume that capital is fixed at 10 units. Labor input (no of worker) (L) 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Total products (TP)(Q) 0 80 170 300 450 540 620 700 770 830 880 920 950 970 980 985 988 988 The question is calculate AP and MP
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