Step 1: Understanding the Concept:
A function is One-one if different inputs give different outputs. It is Onto if every element in the codomain ($N$) has a corresponding input in the domain ($N$).
Step 2: Formula Application:
Check for One-one:
$f(1) = \frac{1+1}{2} = 1$
$f(2) = \frac{2}{2} = 1$
Since $f(1) = f(2)$, the function is Many-one.
Step 3: Explanation:
Check for Onto:
If we want an output $y$, can we find $n$?
If $n = 2y$, then $f(n) = \frac{2y}{2} = y$. Since $2y$ is always an even natural number for any $y \in N$, every $y$ is reached. Thus, the function is Onto.
Step 4: Final Answer:
The function is many-one and onto.