Chapter 13, Problem 4PA

Subpart (a):

To determine

Calculate marginal product.

Subpart (b):

To determine

Calculate Total cost.

Subpart (c):

To determine

Calculate average total cost.

Subpart (d):

To determine

Calculate marginal cost.

Subpart (e):

To determine

Relationship between marginal product and marginal cost.

Subpart (f):

To determine

Relationship between average cost and marginal cost.