The following table gives the marginal product schedule of labour. It is also given that total product of labour is zero at zero level of employment. Calculate the total and average product schedules of labour.

Comment on the following statements: “Diminishing returns occur when total output falls as additional units of labour are combined with fixed inputs in the production process”.

Comment on the following statements: “When average product and Marginal product are equal, marginal product is at its maximum”.

The following table gives the MPP of a factor. It is also known that the TPP is zero level of labour is zero. Determine its TPP and APP schedule.

The gap between AC and AVC keeps on decreasing with rise in outputs, but they never meet each other”. Comment.