Marginal Product (MP) is just the increase in Q each time another worker is added.
Average Product (AP) is just Q ÷ L.
Total Cost (TC), is just L x 10.
Marginal Cost (MC) is the change in cost divided by change in output or 10 ÷ MP.
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|
Labor |
Q |
MP |
AP |
TC |
MC |
0 |
0 |
0 |
0.0 |
0 |
0 |
1 |
3 |
3 |
3.0 |
10 |
3.33 |
2 |
9 |
6 |
4.5 |
20 |
1.67 |
3 |
16 |
7 |
5.3 |
30 |
1.43 |
4 |
23 |
7 |
5.8 |
40 |
1.43 |
5 |
29 |
6 |
5.8 |
50 |
1.67 |
6 |
34 |
5 |
5.7 |
60 |
2 |
7 |
38 |
4 |
5.4 |
70 |
2.5 |
8 |
41 |
3 |
5.1 |
80 |
3.33 |
9 |
43 |
2 |
4.8 |
90 |
5 |
10 |
44 |
1 |
4.4 |
100 |
10 |
|