Activity: My Production! A. Production Function Directions: Below is the production schedule for Output X with variable labor input. Compute the marginal product and average product in each labor...

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Extracted text: Activity: My Production! A. Production Function Directions: Below is the production schedule for Output X with variable labor input. Compute the marginal product and average product in each labor input. Production Schedule for Output X with Variable Labor Input Quantity of Labor Input Total Product Marginal Product Average Product 1 10 2 22 3 37 4 55 69 77 7 80 8 81 81 10 80 B. Application of the Law of Diminishing Marginal Returns Directions: Discuss the above production schedule using the concept of Law of Diminishing Marginal Returns. Use the space below for your answer.