Use the following table that shows the short-run production tunction of a cricket ball manufacturer and answer questions 24 to 26. 24. What is the average product of labour when two workers are employed? [1) 25. What is the marginal product when six workers are employed? (1) 26. With which workers do diminishing marginal returns set in? (1) A firm produces a product that sells in a perfectly competitive market at R60 per unit. The firm's cost structure is as follows: Unit Total fixed Total Total Average Marginal produced cost variable cost (total) cost cost (no.) (R) cost (R) (R) (R) (R) 0 24 24 16 50 108 OI AWN 52 44 6 282 27. What is the total variable cost of four units? 28. What is the total cost of five units? 29. What is the average (total) cost of two units? 3 3 3 3 3 30. How much is the marginal cost of three units? 31. How many units should the firm produce and sell to maximise its profit?32. Which columns obey the law of returns? (1) 33. At which number of units is the firm most efficient in terms of total cost per item produced? (1) Refer to the following graph showing a perfectly competitive firm in the short run to answer questions 34 to 38. P MC Cost, price (Rand) 60 80 100 Output per day 34. What is the equilibrium quantity for this firm? (1) 35. What will the firm's total revenue be at equilibrium? (1) 36. If the firm produces 80 units and the market price is R20, what kind of profit will this producer make? (1) 37. At what price should the firm shut down? (1) 38. If the market price drops to R12, how many products should the producer make to maximise his profit? (1)