Suppose that your factory's total product is as follows:

Num. of Total Fixed Variable Total Average Average Marginal

workers Product Cost Cost Cost Cost Variable Cost

(labor) (Q) Cost

________________________________________________________________________________________________

6 1

10 2

13 3

15 4

18 5

23 6

30 7

40 8

a. If labor costs $3 per unit, and you have fixed costs of $50, determine variable cost, total cost, average cost, average variable cost and marginal cost.