Tople 4 Production and Quitou 1. Complete the following table Total product TFC AFC TVC AV TC 2 4 MC 2 4 12 10 3
Tople 4 Production and Quitou 1. Complete the following table Total product TFC AFC TVC AV TC 2 4 MC 2 4 12 10 3 2 41 12 24 14 2. Calculate the average and marginal product. At what input-output level will the average variable cost begin to rise? Round answers to two decimal places. Inputs of labor |Total product Average product Marginal product 0 1 8 2 18 3 25 4 30 5. 33 6 34
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