Relationship between marginal and average cost) assume that labor and capital are the only inputs used by a firm. Capital is fixed at 5 units which cost 100$ Per day. Workers can be hired for 200$...

Relationship between marginal and average cost) assume that labor and capital are the only inputs used by a firm. Capital is fixed at 5 units which cost 100$ Per day. Workers can be hired for 200$ each per day complete the following table to show average variable cost, average total cost, and marginal cost.

labor      Total output    avc       Atm        Mc

0                0

1                100

2                250

3                350

4                400

5                425

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