For a given scale of plant, the following table gives the total weekly output of table attainable using varying quantities of labor. Workers Output Marginal Product Average product 0 0 2 W N P 5 10 4 18 5 24 6 27 29 21 a) Fill the table b) Draw the marginal product and the average product (remember, the MP must be SN plotted at midpoints) c) Now, consider the short run costs. Suppose the cost of 1 worker is $300 a month and the fixed cost is $1500 a month. Fill the following table. Workers Output TFC TVC TC MC AFC AVC ATC 0 0 1 2 2 5 3 10 4 18 5 24 6 27 29 8 31 d) Graph the TC, TFC and TVC on the same graph. e) Graph the AVC, AFC, ATC and MC on the same graph. f) Now suppose that the cost of a worker increases to $400 a month. Explain the effect of this change on the MC, AVC, AFC and ATC curves