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The table below show the various costs incurred in the process of producing Car Labour Output Fixed Cost (FC) Variable Cost (VC) Total Cost (TC)

The table below show the various costs incurred in the process of producing Car

Labour Output Fixed Cost (FC) Variable Cost (VC) Total Cost (TC) Marginal Cost (MC)

120K150

240K120

360

474

580

684

1-Taking price of Labour per unit to be K60, what is the TC when labour is 3

2-Taking price of Labour per unit to be K60, what is the VC when labour is 1

3-Taking price of Labour per unit to be K60, what is the FC when labour is 6

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