• Examine following cost schedule, you are given labour hours, wage rate, material cost, production output and total fixed cost. Determine the average product of labor, margainal product of labour, total variable cost, total cost, marginal cost, and profit if the price per unit is constant at $15 per hour?
• Labour Hours Wage per hour Materials output output (units) AP_L MP_L FC VC TC MC Profit ($)

40 25 200 100 400

80 25 440 220 400

120 25 640 320 400

160 25 800 400 400

200 25 920 460 400

240 25 960 480 400