3.Define what is meant by the following, and explain how each is calculated:

a)Marginal product of labor

b)Total fixed cost.Give examples of what would be considered a fixed cost for a firm?

c)Total variable cost.Give examples of what would be considered a variable cost of production?

d)Average product of labor.

e)Average fixed cost

f)Average variable cost

g)Average total cost

h)Marginal cost