Complete the following table basedon a good/service produced at your workplace. Construct your table so themarginal cost column shows marginal cost first falling then rising. Please note: You are only required to use hypothetical data but please be as realistic as possible. Alsobrieflydiscuss (in yourown words)why, as production rises,marginal costs initially decline, then, after some point,marginal costs rise.

In the first column, specify how many of the goods/services are produced per dayorper weekorper monthorper however long it takes to produce the goods/services produced by your workplace. Also, specify the goods/services that are produced by your workplace. Similarly, in the third column, specify how many workers are employed per dayorper weekorper monthorper however long it takes to produce the goods/services produced by your workplace.

Number of Goods or Services Produced per Day/Week/ Month	Fixed Cost (FC)	Workers per Day/Week/ Month	Variable Cost (VC)	Total Cost TC = FC + VC	Marginal Cost (change in total cost / change in output)