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.

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

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.

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

The two inversely S-shaped short run cost curves are parallel to each other and maintain a constant distance of 50. Which cost is indicated by 50? Also identify the two inversely S-shaped short run curves.