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Each extra worker produces an extra unit of output up to 6 workers. After 6, no additional output is produced. Draw the total product of labor, average product of labor, and marginal product of labor curves in a graph. Using the multipoint curve drawing tool, graph the total product of labor curve. Label this 'TP.' Carefully follow the instructions above, and only draw the required object. Then, in the graph in the bottom right: 1.) Using the multipoint curve drawing tool, graph the marginal product of labor curve. Label this 'MP.' 2.) Using both the line drawing tool and the three-point curved line drawing tool each once, graph the average product of labor curve. Label the line segment AP₁' and the curved segment 'AP2. Carefully follow the instructions above, and only draw the required objects. After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line. Output per worker 1.27 1.1- 1- 0.9- 0.8- 0.7- 0.6- 0.5- 0.4- 0.3- 0.2- 0.1- 0- 0 2 Labor 10 Q

Each extra worker produces an extra unit of output up to 6 workers. After 6, no additional output is produced. Draw the total product of labor, average product of labor, and marginal product of labor curves in a graph. Using the multipoint curve drawing tool, graph the total product of labor curve. Label this 'TP.' Carefully follow the instructions above, and only draw the required object. Then, in the graph in the bottom right: 1.) Using the multipoint curve drawing tool, graph the marginal product of labor curve. Label this 'MP.' 2.) Using both the line drawing tool and the three-point curved line drawing tool each once, graph the average product of labor curve. Label the line segment AP₁' and the curved segment 'AP2. Carefully follow the instructions above, and only draw the required objects. After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line. Output per worker 1.27 1.1- 1- 0.9- 0.8- 0.7- 0.6- 0.5- 0.4- 0.3- 0.2- 0.1- 0- 0 2 Labor 10 Q

Microeconomics: Private and Public Choice (MindTap Course List)
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter8: Costs And The Supply Of Goods
Section: Chapter Questions
Problem 19CQ
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Each extra worker produces an extra unit of output up to 6 workers. After 6, no additional output is produced. Draw the total product of labor, average product of labor, and marginal product of labor curves in a graph. Using the multipoint curve drawing tool, graph the total product of labor curve. Label this 'TP.' Carefully follow the instructions above, and only draw the required object. Then, in the graph in the bottom right: 1.) Using the multipoint curve drawing tool, graph the marginal product of labor curve. Label this 'MP.' 2.) Using both the line drawing tool and the three-point curved line drawing tool each once, graph the average product of labor curve. Label the line segment 'AP₁' and the curved segment 'AP2.' Carefully follow the instructions above, and only draw the required objects. After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line. Output per worker 1.2- 1.1- 1- 0.9- 0.8+ 0.7- 0.6- 0.5- 0.4- 0.3- 0.2- 0.1- 0+ 0 2 4 Labor 6 8 10 Q Q After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line.
Transcribed Image Text:Each extra worker produces an extra unit of output up to 6 workers. After 6, no additional output is produced. Draw the total product of labor, average product of labor, and marginal product of labor curves in a graph. Using the multipoint curve drawing tool, graph the total product of labor curve. Label this 'TP.' Carefully follow the instructions above, and only draw the required object. Then, in the graph in the bottom right: 1.) Using the multipoint curve drawing tool, graph the marginal product of labor curve. Label this 'MP.' 2.) Using both the line drawing tool and the three-point curved line drawing tool each once, graph the average product of labor curve. Label the line segment 'AP₁' and the curved segment 'AP2.' Carefully follow the instructions above, and only draw the required objects. After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line. Output per worker 1.2- 1.1- 1- 0.9- 0.8+ 0.7- 0.6- 0.5- 0.4- 0.3- 0.2- 0.1- 0+ 0 2 4 Labor 6 8 10 Q Q After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end the line.
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