1.1Fill in the column of marginal product (MP). What pattern do you see? How
might you explain it?
1.2A worker costs 100 baht a day, and the firm has fixed costs of 200 baht. Use this
information to fill in the column for total cost.
1.3Fill in the column for average cost (AC = TC/Q). What pattern do you see?
1.4Now fill in the column for marginal cost (MC =TC/Q). What pattern do you
see?
1.5Compare the column for marginal product (MPL) and the column for marginal
cost (MC). Explain the relationship.
1.6Compare the column for average cost (AVC) and the column for
marginal cost(MC). Explain the relationship