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7. (12 points) Use the table below to answer the following questions. Show your work and briey explain your answers. Q (total product) 0- __

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7. (12 points) Use the table below to answer the following questions. Show your work and briey explain your answers. Q (total product) 0- __ __' w ,u,,._.__._......."...VT. ml v1 uvwrrup'rm \"Wm-mower. The accompanying table shows the total cost to Amy, Bill and Carla of mowing lawns. a. Calculate Amy's, Bill's, and Carla's marginal costs for each quantity of lawns mowed (except zero lawns, where MC is not dened). b. Who has increasing marginal cost, who has decreasing marginal cost, and who has constant marginal cost? c. Which of these three people are experiencing diminishing marginal returns in production and how do you know that? 9. (14 points) Use the following table to answer the following questions (the book doesn't cover AFC and it's not particularly important I include it here for completeness. AFC = F36)

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