TUTORIAL EXERCISES I uestion 1 Number of Mushrooms per Marginal Product Average Product of Workers Day (pounds) of labor labor - _ _ - Table above shows the technology of production at the Matsuko's Mushroom Farm for the month of May. a. Complete the table. b. At which number of labors employed does the law of diminishing returns set in? Why? Explain. c. Describe the law of diminishing returns. Does law of diminishing returns apply in the short run or long run? Question 2 Explain whether each of the following is a xed cost or a variable cost. a. payment to hire a security worker to guard the gate to the factory around the clock b. wages to hire assembly line workers 0. payments to an electric utility (1. costs of raw materials e. payment on re insurance policy f. A $300-per-month payment to a local newspaper for advertisement