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Homework 3 a Use a table to show tp mp ap of labor when K=2 a Use tables to show TP, MP, AP of capital when L=1, L=2, respectively Draw the tp curves of labor when Ke1.K-2 respectively Draw the TP curves of capital when L=1, L=2 respectively Bonus: what can you conclude from the tables and graphsHomework 3 ◼ Use a table to show TP, MP, AP of labor when K=2 ◼ Use tables to show TP, MP, AP of capital when L=1, L=2, respectively ◼ Draw the TP curves of labor when K=1, K=2, respectively ◼ Draw the TP curves of capital when L=1, L=2, respectively ◼ Bonus: what can you conclude from the tables and graphs?
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