05-10 0 Production with One Variable Input (Labor) Observations: Output Left of E:MP>APAP is increasing per Right of E:MP AP AP is decreasing Month E:MP APAP is at its maximum 30 Marginal Product 20 Average Product 10 0 1 2 3 4 5 6 7 8"9 10Labor per Month Economics ECONOMICS MANAGEMENT SCHOOL,TONGJI UNIVERSITYEconomics ECONOMICS & MANAGEMENT SCHOOL, TONGJI UNIVERSITY 05-10 Average Product Production with One Variable Input (Labor) 8 10 20 Output per Month 0 2 3 4 5 6 7 9 10 1 Labor per Month 30 E Marginal Product Observations: Left of E: MP > AP & AP is increasing Right of E: MP < AP & AP is decreasing E: MP = AP & AP is at its maximum