You are presented with the following table on average productivity. Labor is your only variable cost. Your capital costs are $100/each and labor costs $40/ea Labor K Total Product Marginal Product Average Product Total Cost FC VC Marginal Cost 1 3 100 2 3 250 3 3 350 4 3 425 5 3 465 6 3 500 a. Does the table above represent a long run or a short run situation? Why do you say so? b. In the table above calculate Marginal product of labor. Define it (write formula) and explain it in plain English. c. In the table above calculate Average product of labor. In the space below, write the formula and explain it in plain English. d. In the table above, calculate Total Cost. In the space below, write formula and explain it in plain English