The following table was calculated for an aluminum ingot producer. The table below illustrates the firm's daily short run production function along with the cost of 10 units of capital. The variable costs include only the cost of labour, and each worker is paid $200 each day.
a) Calculate the marginal product of labour.
b. Calculate Total Variable Cost and Total Cost.
c) Calculate the per unit cost measures: Marginal cost, Average cost, Fixed cost, Average Variable cost and Average Total cost.
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