Can you help me with A and B? a. Answer the questions below.Number ofMPLAPLWorkersOutput1752135330044555906.68577008.7359.70510700The table above shows the association between output and number of workers for afactory with a fixed size of plant.i. Calculate the marginal product of labour (MP,)ii. Calculate the average product of labour (AP,)iii. Find the three stages of productionb. Given the Production Function Q = 80X + 45X2 - X3, where Q = Output and X =i. What is the Marginal Product (MP) when X = 3?Note: Show the formula of MP and calculation to get the full marksInputii. What is the Average Product (AP) when X = 5?Note: Show the formula of AP and calculation to get the full marks

(i) Number of workers Output MPL 0 0 NA 1 75 75 2 135 60 3 300 165 4 455 155 5 590…

Answered: Number of MPL APL Workers Output 1 75 2…

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Number of MPL APL Workers Output 1 75 2 135 3 300 4 455 590 685 6.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter11: The Firm: Production And Costs

Section: Chapter Questions

Problem 15P

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