7. Fancy Footwear manufactures shoes. The figure below shows Fancy Footwear's marginal product of labor and average product of labor curves in the short run. Output (Quantity of footwear) 1 2 3 4 5 onoss Iouane e borst ai jud 6 7 8 B Labor (units) a. Identify the Marginal Product and the Average Product? monizuM10% Mehis poitor ori b. For what quantity of labor does production display diminishing returns? oled a to dimor

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