MP AP TFC TVC TC AFC AVC ATC MC 300 400 7.5 2.5 10 2.5 ? 500 3.33 2.22 5.56 2 150 ? 600 2 + 1.67 OFNmthoro 200 ? 700 1.5 ? 3.5 ? ? 800 1.25 2.08 ? 2.5 270 3 900 1.11 2.22 ? 3.33 290 20 41 1000 1.03 2.41 3.45 5 3 300 10 38 ? 1100 1 2.67 3.67 10 9 300 0 33 ? 1200 1 m HINT: MP is plotted half way between the values of Quantity of Labour. (Question #3) But MC is plotted half way between the values of Quantity of OUTPUT. (Question #4 & #9) 1. When the quantity of labour is 6, then TFC = Choose.. 2. When the quantity of output is 240, then TVC = Choose.. 3. MP is at Maximum when quantity of labour is Choose.. the firm must decide if it will 4. When the quantity of output is Choose... shut-down (i.e. MC = AVC). (Increase/Decrease) until the quantity of labour equals 3.5. Choose.. 5. AVC will when the quantity of labour has reached 3.5. thonce