11:10 PM Sun Feb13 ?100%- Week 7 Homework Week 7 homework ECO 105 Due date: 02/ 1 8/2 022 1) In the following market, Workers Output Marginal Total Cost Average Total Marginal cost Product Cost 0 30 70 120 150 170 180 185 aw-BWNHO a) Fill the column for marginal product. Can you explain diminishing marginal product based on those numbers? b) A worker cost $120 a day, and the rm has fixed cost of $150. Use this information to ll in the column for total cost. 0) Fill in the column for average total cost. (1) Fill the column for the marginal cost. e) Compare the column for average total cost and the column for marginal cost. Explain the relationship