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Short run product and total cost schedule

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Reference no: EM133126399

Consider the following short run product and total cost schedule.

Labour

Total Product (TP)

Marginal Product (MP)

Average Product (AP)

Total Fixed Cost (TFC)

Total Variable Cost (TVC)

Total Cost (TC)

0

0

0

0.0

 

 

 

1

48

48

 

350

35

385

2

140

 

70.0

350

70

420

3

200

60

66.7

350

105

455

4

252

52

63.0

350

 

490

5

280

28

56.0

350

175

525

Complete this table by filling in the six empty spaces.

Reference no: EM133126399

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