lla) Complete the table below. Assume the following: 0 Each labour costs $100 to hire. 0 There is only one machine which costs $500 and
lla) Complete the table below. Assume the following: 0 Each labour costs $100 to hire. 0 There is only one machine which costs $500 and is shared among all workers. N umber of workers Total Product Average Product Marginal Product Average Total Cost Marginal Cost {5) mLH-P-UJNH {b} What is the relationship between Marginal Product and Marginal Cost? Explain the connection between these two concepts. [c] Looking at the Marginal Cost figures, identify the output level where the Law of Diminishing Returns sets in
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