(Figure: Production Function VI) 
The MPL at point A is _____, and the APL is _____. What do your results imply about how APL will change with increased production?
Definitions:
Annual Rate
The interest rate for a whole year, as opposed to just a monthly fee/rate or other rate expressed for a different period.
Effective Interest Rate
The equivalent annually compounded rate of interest.
Lump Sum
A single payment made at a particular time, as opposed to a series of payments made over time.
Monthly Compounded
Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.
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