Cost Example You are given the following short-run information for an individual rm. Labor (L) is the only variable input. The price of labor is MOO/week. Fixed costs are 3100/ week. Complete the rest of the table. Total Labor product L 0 MP TVC TFC TC MC 0 o _ $_ $_ $ 1 20 _ _ _ _ $ 2 55 _____ _____ _____ _____ _____ 3 100 _____ _____ _____ _____ _____ 4 150 _____ _____ _____ _____ _____ 5 200 _____ _____ _____ _____ _____ 6 230 _____ _____ _____ _____ _____ 7 250 _____ _____ _____ _____ _____ 8 263 _____ _____ _____ _____ _____ 9 270 _____ _____ _____ _____ _____ 1 0 275 _ _ _ _ _ 11 27B 12 280