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www L Q Average product Marginal Marginal cost Variable cost Fixed Average fixed Average product MPL MC VC APL cost FC cost variable cost AFC

image text in transcribed www L Q Average product Marginal Marginal cost Variable cost Fixed Average fixed Average product MPL MC VC APL cost FC cost variable cost AFC AVC 0 10 25 32 50 58 68 the wage of the worker is 10 jd 0.8 25 = at L=3 The Total Cost TC ... at L=3 The Average Total Cost ATC = ... at L=2 The Marginal Cost MC = ...at L=4 The average product of labor APL = ... : ... : at L=3 The marginal product of labor MPL = at L=4 The average Fixed Cost AFC =

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