10:27 6 . Call all 22%% idmu.schoology.com + 4 .. . 60 68 86 10 ASSIGNMENT For 3 points each, describe the following terms: 1) total cost (TC) 2) total fixed cost (TFC) 3) total variable cost (TVC) 4) average total cost(ATC) 5) average fixed cost (AFC) 6) average variable cost (AVC) 7) marginal cost (MC) REFERENCE Principles of economics (n.d.). Retreived January 12, 2021 from https://opentextbe.ca/principlesofeconomics BAC 101_TheoryOfProduction.pdf 715 KB @ VIEW III O10:27 3 P . Go all .Ill 22%% idmu.schoology.com + 4 ... ASSESSMENT Quiz. For twenty five (25) points, complete the following table. At what number of workers will the firm maximize output? Number of Workers Total Product Average Product Marginal Product (1.) (TP (AP) (MP 0 20 38 50 60 68 75 81 BAC 101_TheoryOfProduction.pdf 715 KB @ VIEW III O <