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Please answer thoroughly; do not copy answer from other sources. 3. Suppose a firm employs labor as its only variable input. All workers are paid

Please answer thoroughly; do not copy answer from other sources.

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3. Suppose a firm employs labor as its only variable input. All workers are paid $40 per day. Output per day and total variable cost are shown in the table below. Complete the table, showing the number of labor, average variable cost, and marginal cost for the first eight units of output. (8 points) Q (output) vc 80 120 160 240 320 480 AVC MC

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