Given the following short-run information for an individual firm, please complete the rest of the table. Describe the relationship between the MP and MC. At which output level does the law of diminishing returns set in? Note: Labor (L) is the only variable input. The price of labor is $200/week. Fixed costs are $100/week. a. Complete the Table. Total Labor product L Q MP TVC TFC TC MC O 0 S S S 20 55 100 150 200 230 250 263 LO 270 10 275 11 278 12 280 1III b. Describe the relationship between the MP and MC: inverse relationship between MP and MC c. At which output level does the law of diminishing returns set in