WORKSHEET 2 (5 MARKS) In table 1, Calculate the marginal product of labor and average product of labor. +Cable 1: Surfboard Production Labor Total Marginal Product Average product workers Product per week) (surfboards per week) 0 0 30 70 3 120 160 190 210 220 Question 2) Surfboard Production Costs Labor Total TFC TVC TOTA AFC AVC ATC MC (workers Product SAR per L per week) (surfboards surfboard COST per week) 0 0 3000 0 1 30 5000 3000 70 3000 3500 3 120 3000 4000 4 160 3000 4500 5 190 3000 5000 210 3000 5500 220 3000 6000 a.) Fill in the missing numbers from Table above for Total Fixed Costs (TFC), Total Costs (TC), Marginal Costs (MC), Average Variable Costs (AVC), Average Fixes Costs (AFC) and Average Total Costs (ATC) Formulae: TC=TFC+TVC MC=ATC/AQ AVC=TVC/Output AFC=TFC/Output ATC=AVC+AFC