Abbigail'sClothing Company prodcuesa wide variety of baby clothes. The production/cost data is shown below:

Labor..............Output...........TFC.........TVC..........TC................MC...................AFC....................AVC.....................ATC

(L)(Q)

0..........................00

1.........................2060

2.........................38120

3.........................54180

4.........................68240

Additional information: (a) Total fixed costs are equal to $150 per day, (b) Total variable costs are shown in the chart...

Questions:

(a) Calculate TC, MC, AFC, AVC, ATC for L=2 and L=3(6 marks)