Given the below production table: L TP AP MP A 0 0 - - B 1...

Question

Question

Complete the above table, knowing that the AP maximizes at 3 workers and the TP at 6 workers.
Draw in a common diagram the curves of the TP, AP and MP.

business economics

Answer 1

Answer #1

(a)

(b) By plotting these we get the TP,AP and MP curves as shown below :

TRMP, AR 48 पष (2 1234

Answer 2

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