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Plot curves for average product and marginal product

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18-Inch Pipe Pumping horsepower Total product (barrels per day) Marginal product (barrels per day per hp) Average product (barrels per day per hp) 10,000 86,000 20,000 114,000 30,000 134,000 40,000 150,000 50,000 164,000 4. Using the data in question 3, plot the production function of output against horsepower. On the same graph, plot the curves for average product and marginal product.

Reference no: EM133082124

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