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ABC 3 Chapter 13- ECON 1000 Q . Search in Document Home Insert Draw Design Layout References Mailings Review View Acrobat + Share Times New R... . 12 A- A A A AaBbCcDdEr AaBbCcDdEt AaBbC AaBbCcl AaBb AaBbCCD 1 Paste B I U. abe X2 X2 AL . A. Normal No Spacing Heading 1 Heading 2 Title Subtitle Styles Create and Share Request Pane Adobe PDF Signatures Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates Q 1: A COMPANY makes brooms and then sells them door to door. Here is the relationship between the number of workers and company's output in a given day: WORKERS OUTPUT MARGINAL TOTAL AVERAGE MARGINAL PRODUCT COST TOTAL COST COST 0 0 20 2 50 3 90 4 120 5 140 6 150 7 155 Page 1 of 2 171 words English (United Kingdom) Focus E + 213%ABC wa Chapter 13- ECON 1000 Q . Search in Document Home Insert Draw Design Layout References Mailings Review View Acrobat + Share Times New R... * 12 AaBbCcDdEr AaBbCcDdEt AaBbC AaBbCcl AaBb AaBbCCD 1 Paste B I UV abe X2 X2 ALA. Normal No Spacing Heading 1 Heading 2 Title Subtitle Styles Create and Share Request Pane Adobe PDF Signatures Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. Check for Updates a. Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $100 per day, and the firm has fixed costs of $200. Use this information to fill in the column for total cost. c. Fill in the column for average total cost. (Recall that ATC = TC/Q.) What pattern do you see? d. Now fill in the column for marginal cost. (Recall that MC = ATC/AQ.) What pattern do you see? e. Compare the column for marginal product and the column for marginal cost. Explain the relationship. f. Compare the column for average total cost and the column for marginal cost. Explain the relationship. Page 1 of 2 171 words English (United Kingdom) Focus + 213%