Fill in the blanks for Labour, MP, AP, TC, AC, AVC and MC of labour. What is the relationship between AVC and ATC? Why? (15 Marks) 11. What is the relationship between MC and AVC? MC and ATC? Why? (4 marks) Calculate the AFC at each level of outputfor Universal Locks Company and explain its shape. (4 Marks) IV . Does Universal Locks experience diminishing returns? If yes, after the employment of how many labourers does it set in? (2 Marks) b) "If the law of diminishing marginal returns does not hold, it will be possible to grow the global food supply in a flowerpot" Briefly explain why this statement is true. (4 Marks) c) If the price of each door lock is 0.8 GHC, can we infer from the table how many labourers Universal Locks should employ to be efficient? Explain your answer (6 Marks)