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    PLEASE REPLY IN TABLE FORMAT FOR THE FIRST SECTION AND EXPLAIN A,B,C,& D.

    Complete the following table, where L is units of labor, Q is units of output and MP is the marginal product of labor.

    L Q MP TVC STC MC ATC

    0 0 $0 $12
    1 6 3 15
    2 15 6
    3 21 9
    4 24 12
    5 26 15

    a. At what level of labor input do the marginal returns of labor begin to diminish?

    b. What is the average variable cost when Q = 24?

    c. What is the firm's fixed costs?

    d. What is the wage rate?

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    <br>
    <br>PLEASE REPLY IN TABLE FORMAT FOR THE FIRST SECTION AND EXPLAIN A,B,C,& D.
    <br>
    <br>Complete the following table, where L is units of labor, Q is units of output and MP is the marginal product of labor.
    <br>
    <br>
    <br>L Q MP TVC STC MC ATC
    <br>0 0 0 0 12 - 12
    <br>1 6 6 3 15 3 15/6=2.5
    <br>2 15 9 6 18 3 18/15=1.2
    <br>3 21 6 9 21 3 21/21=1.0
    <br>4 24 3 12 24 3 24/24=1.0
    <br>5 26 2 15 27 3 27/26=1.04
    <br>(The numbers in bold are inputted, calculations are explained in the following answers)
    <br>
    <br>a. At what level of labor input do the marginal returns of labor begin to diminish?
    <br>
    <br>ANSWER: Here, the marginal return of labor means MP of labor in the ...

    $2.19