1.A representative firm in a perfectly competitive market has the production function shown in the table below.Workers are paid $1000 per week and the firm has fixed costs of $500 per week. Answer the questions below about a firm with this production function and costs.

Workers Total Output Average Average per Week: Variable Cost Marginal Cost per Week+ Total Cost (ATC) + (AVC) + (MC) + 0+ 0+ 20+ 2+ 50+ 47 47 3+ 90+ 4 4 120+ 47 47 5+ 1450 6+ 165+