A commercial fisherman notices the following relationship between hours spent on fishing and the quantity of fish caught:

Hours Quantity of Fish (in Kg.)

0 0

1 10

2 18

3 24

4 28

5 30

a. What are the marginal product and average product of each hour spent on fishing? Also show them graphically and explain their relationship

b. Use these data to graph the fisherman's production function. Explain its shape.

c. The fisherman has a fixed cost of $10. The opportunity cost of his time is $5 per hour. Find/compute the fisherman's total-cost, marginal cost and average (total, variable and fixed) costs. Also show them graphically and explain their shap