Reference no: EM132478822
A. Fill out the columns of the table.
number of workers. 0,1,2,3,4,5,6,7
output. 0,12,31,41,50,58,64,67
MP.
VC. 0,30,60,90,120,150,180,210
FC. 110,
Tc
Avc
Afc
Atc
Mc
b. The firm is operating in the short run. How can you tell.
c. What is happening to marginal product? Why? At which output level is marginal product greatest?
d. Compare the MP with the MC. What is your observation?