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Answer what is being asked. You can make your own table to illustrate your answers . You can do it on your laptop or mobile phone or you can do it on yellow paper then send or turn in your answers.
Question:
Consider the following inputs table:
a) Calculate the Total Product Marginal product, Average Product, and Elasticity of Production.
b) Within what ranges do we see increasing returns, decreasing returns and negative returns?
c) Within what range does the DMRTS happens
USE A LINEAR PRODUCTION FUNCTION
Labor
Capital
10
200
15
500
20
800
30
1200
40
1500
50
1800
60
2000
70
2300
80
2500
90
2800
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