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 givenday:In the following table, complete the marginal product column.WorkersOutputMarginal ProductTotal CostMarginal CostAverage Total Cost241.152440752$412015061652417024A worker costs $60 a day, and the firm has fixed costs of $120. 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= )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.When marginal product is rising, marginal cost is falling.Marginal cost declines at first, then rises.When marginal cost is less than average total cost, average total cost is rising.Average total cost is not U-shaped.AMAAAA

In economics, the marginal cost of production is the change in total production cost that comes from…

Fill in the column for marginal cost in the previous table. (Hint: MC = ) Fill in the column for average total cost in the previous table. (Hint: ATC=5.) Which of the following statements are true about the patterns found in this table? Check all that apply. When marginal product is rising, marginal cost is falling. - Marginal cost declines at first, then rises. When marginal cost is less than average total cost, average total cost is rising. Average total cost is not U-shaped.