A firm operating in a T-shirt business has a plant of fixed size and that it can vary its output only by varying the amount of labour it employs.The table below shows the firm's data on the unit of labour employed and the total product (number of T-shirts) produced.Assume that the cost of labour, which is $50 per unit, is the only variablecost, and the total fixed cost is $100.

i.Complete the above table by computing the marginal product, total cost and marginal cost data for all levels of labour.

N QUESTION 2 a. A firm operating in a Tshirt business has a plant of xed size and that it can vary its output only by varying the amount of labour it employs. The table below shows the rm's data on the unit of labour employed and the total product (number of T-shirts) produced. Assume that the cost of labour, which is $50 per unit, is the only variable cost, and the total xed cost is $100. Total Cost Marginal Cost 0. of Labour Total Product Product i. Complete the above table by computing the marginal product, total cost and marginal cost data for all levels of labour. (3 marks) ii. At what level that diminishing returns sets in the production? Why does this happen? (2 marks)