Capital Labour Total product Average product marginal product 3 0 0 3 1 5 3 3 21 3 5 30 3 7 30 3 9 27 i) Find the Average product and marginal product ii)at the employment of how many units of labour do diminishing returns set in iii) Explain what is meant by the law of diminishing returns iv) Concerning price elasticity of supply ,draw diagrams on unit elastic supply and relatively elastic supply

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