Tom leases a farmer's eld for $100 a day and grows melons. He pays students $70 a day to pick melons and he leases capital at $100 a days Labor Output (students) (melons per day) The table gives the daily output. 0 0 1 25 What is Tom's total cost and average total cost if he produces 93 melons a day? 2 55 3 75 4 93 5 109 When Tom produces 93 melons a day, total cost is 6 123 $ a day 7 135 Peter's body board factory rents equipment for shaping boards and hires students. Total . Peter pays $70 a day for equipment and $160 a day for each student hired. Labor product Total varlable Total cost cost The table shows Peter's total product schedule' (Workers (body hoards Per per day) day) (dollars per day) E) 2 126 3 1 98 4 258 5 306 Construct Peter's total variable cost and total cost schedules, Fill in the columns in the table. Celia's candle factory rents equipment for making candles and hires students. Celia pays $170 a day for equipment and $200 a day to each student she hires. The table shows Celia's total product schedule. Calculate Celia's average xed cost, average variable cost, average total cost, and marginal cost and complete the table. >>> Answer to 2 decimal places. Total Average Average Average Marginal Labor product xed variable total cost (workers (candles 905' St 505' (dollars par per day) per day) (dollars per candle candle) 1 1 5 2 33 3 54