Question 1 Complete the following table: Units of Labor Total Product Average Product Marginal Product 1 2 3 4 5 6 7 ___
Posted: Fri Jul 01, 2022 7:55 am
Question 1
Complete the followingtable:
Units of Labor
Total Product
Average Product
Marginal Product
1
2
3
4
5
6
7
___
____
66
____
____
78
____
20
____
____
____
16
____
10
____
30
____
10
____
____
____
Question 2
Find TC, AFC, AVC, ATC, and MC for the following table.
output
fc
vc
tc
mc
afc
avc
atc
0
50
0
1
50
90
2
50
120
3
50
165
4
50
220
5
50
290
Complete the followingtable:
Units of Labor
Total Product
Average Product
Marginal Product
1
2
3
4
5
6
7
___
____
66
____
____
78
____
20
____
____
____
16
____
10
____
30
____
10
____
____
____
Question 2
Find TC, AFC, AVC, ATC, and MC for the following table.
output
fc
vc
tc
mc
afc
avc
atc
0
50
0
1
50
90
2
50
120
3
50
165
4
50
220
5
50
290