1.1 Fill in the column of marginal product (MPL). What pattern do you see? How might you explain it? 1.2 A 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.
1.3 Fill in the column for average cost (AC = TC/Q). What pattern do you see?
1.4 Now fill in the column for marginal cost (MC = TC/Q). What pattern do you see?
1.5 Compare the column for marginal product (MPL) and the column for marginal cost (MC). Explain
the relationship.
1.6 Compare the column for average cost (AVC) and the column for marginal cost (MC). Explain the
relationship.