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The following table presents data on the various costs at different levels of outputs. At first, TFC 60 L TC TFC TVC TP MP ATC

The following table presents data on the various costs at different levels of outputs.

At first, TFC 60

L TC TFC TVC TP MP ATC MC
0 0 0
1 150 10
2 250 25
3 300 45
4 375 70
5 475 90
6 600 105
7 750 115
8 950 120
9 1200 123
10 1600 124

  1. Complete the table.

  1. Explain how the MC changes and explain how it is connected to the marginal product (MP).

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