1. The following table shows data for a simple production function. Capital (K) Labor (L) Total Average Marginal Product (TP) Product (AP) Product (MP)

1. The following table shows data for a simple production function.

Capital (K)      Labor (L)         Total                 Average             Marginal

                                            Product (TP)        Product (AP)     Product (MP)

         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                            9                            92

              10                           10                           90

a. From the information in the  table, calculate marginal and average products.

b. Graph the three functions (put total product on one graph and marginal and average products on another).

c. For what range of output does this function have diminishing marginal returns?

d. At what output is average product maximized?