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The table below shows the hourly short-run costs for a small parking lot. Please ensure that this page starts at the top of a page

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The table below shows the hourly short-run costs for a small parking lot. Please ensure that this page starts at the top of a page in this document, so that you do not miss any of the values in the table Round to 2 decimal places. (a) Fill in the table. (30 blanks X 1/2 mark each = 15 marks). Show your work below the table on the next page within this document, I completed the first Marginal Cost answer for you (i.e. 20) (1) (2) (3) (4) (5) (6) (10) Labour Total Product Marginal Fixed Variable Total Cast Marginal Cost Average Average Average Product (cars Costs Costs Change in Total Fixed Variable Cast workers per cars parked parked per (5) Cost/Change in week) per week) week) (S) (5) Total Product) Cost (S) Cost (S) (S) (S) 20 20 Mr. Bourque's Synchrono 20 20 15 AB 44 20 30

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