CHAPTER 4 Costs of Short-Run Production for Pot-Works (1) (2) (13) (4 ) Labour susie Total Product (3) (workers per day) Marginal Product (pots per day) (pots per day) Average Product (pots per day) O O ON - 50 50 200 150 270 300 ED 30 75 240 48 a. Fill in column 3 in the table. b. Identify the ranges where marginal product rises, where it falls, and where it is negative. c. Fill in column 4 in the table. d. In which employment range is marginal product equal to average product? greater than average product? less than average product? e. Explain how in this case average product varies based on its relation to marginal product. e bro Senmulbol bilking 4.3 Costs in the Short Run In the short run, just as businesses use fixed and variable inputs, they face corre- LO3 sponding fixed and variable costs. Fixed costs (FC) do not change when a busi- ness changes its quantity of output, since these costs relate to fixed inputs, such fixed c inputs tha