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<br>PLEASE REPLY IN TABLE FORMAT FOR THE FIRST SECTION AND EXPLAIN A,B,C,& D.
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<br>Complete the following table, where L is units of labor, Q is units of output and MP is the marginal product of labor.
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<br>L Q MP TVC STC MC ATC
<br>0 0 0 0 12 - 12
<br>1 6 6 3 15 3 15/6=2.5
<br>2 15 9 6 18 3 18/15=1.2
<br>3 21 6 9 21 3 21/21=1.0
<br>4 24 3 12 24 3 24/24=1.0
<br>5 26 2 15 27 3 27/26=1.04
<br>(The numbers in bold are inputted, calculations are explained in the following answers)
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<br>a. At what level of labor input do the marginal returns of labor begin to diminish?
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<br>ANSWER: Here, the marginal return of labor means MP of labor in the ...

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