The short-run production function for a manufacturer of flash memory drives is shown in the table below. Based on this information, answer the following questions. Input of Labor (workers per week) Total Output of Flash Memory Drives 0 0 1 25 2 60 3 85 4 105 5 115 6 120 a.   Calculate the average product at each quantity of labor. b.   Calculate the marginal product of labor at each quantity of labor. c.   At what point does marginal product begin to diminish?

The data in the table below represents Total product (TP), for an agri-business involved in potato production.     Capital (fixed factor) Labor (variable factor) Output(units) or Total physical product (TPPL) Average physical product (APPL) Marginal physical product (MPPL) 10 0 0     10 1 7     10 2 20     10 3 39     10 4 55     10 5 66     10 6 70     10 7 70     10 8 67         Calculate the marginal product and average product value.  At what point do diminishing marginal returns set in? And using the values of AP and MP obtained from part (i), plot the graphs of TP, AP and MP being careful to fully label the graph and explain briefly the law of diminishing marginal returns from your computation.      How does the hypothesis of diminishing returns (MP& AP) influence the behaviour of costs (MC& AC)?

Solve it correctly please.

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