[Item-2] Instruction: (refer to the photo below) Kindly answer the question given and provide correct and complete solution. I will dislike your solution if it is incomplete and wrong answer. Note: Please use microsoft word for the graphs. The following table shows data for a sample production function.AverageTotalMarginalProduct (TP) Product (AP) Product (MP)Capital (K) Labor (L)101010181010101010101081234567891005153050758590929298Question #2Graph the three functions (puttotal product on one graph andmarginal and average productson another)I also posted other questions (#1, #3 and #4). Ihope you will answer them too.

K L TP 10 0 0 10 1 5 10 2 15 10 3 30 10 4 50 10 5 75 10 6 85 10 7 90 10 8 92 10…

Answered: The following table shows data for a…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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[Item-2] Instruction: (refer to the photo below) Kindly answer the question given and provide correct and complete solution. I will dislike your solution if it is incomplete and wrong answer.

Note: Please use microsoft word for the graphs.

The following table shows data for a sample production function.
Average
Total
Marginal
Product (TP) Product (AP) Product (MP)
Capital (K) Labor (L)
10
10
10
18
10
10
10
10
10
10
10
8
1
2
3
4
5
6
7
8
9
10
0
5
15
30
50
75
85
90
92
92
98
Question #2
Graph the three functions (put
total product on one graph and
marginal and average products
on another)
I also posted other questions (#1, #3 and #4). I
hope you will answer them too.

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