v

0 O Halo Login ng.cengage.com ECN-351 Class Resources Student Portal I Main CENGAGE I MINDTAP Topic 4 Assignment 2 . Ch. 12 Problems and Applications Q4 MindTap - Cengage Learning Search Results I Course Hero Q Search this course Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the number of workers and Nimbus's output in a given day: In the following table, complete the marginal product column. Workers Output Marginal Product Total Cost A-Z Marginal Cost 12.00 Average Total Cost 1 2 3 4 5 6 7 30 70 120 165 200 220 230 30 40 50 45 35 20 10 $180 $300 $420 $540 $660 $780 $900 $1,020 A worker costs $120 a day, and the firm has fixed costs of $180. Use this information to fill in the column for total cost in the previous table. Fill in the column for marginal cost in the previous table. (Hint: MC = AATQC.) Fill in the column for average total cost in the previous table. (Hint: ATC = Which of the following statements are true about the patterns found in this table? Check all that apply. e Average total cost is not U-shaped. e Marginal cost declines at first, then rises.