Homework Answers
| Labor | TP | MP | FC | VC | TC | AFC | AVC | ATC | MC |
| 0 | 0 | 0 | 470 | 0 | 470 | ||||
| 1 | 20 | 20 | 470 | 20 | 490 | 23.5 | 1 | 24.5 | 1 |
| 2 | 35 | 15 | 470 | 40 | 510 | 13.42 | 1.14 | 14.57 | 1.33 |
| 3 | 45 | 10 | 470 | 60 | 530 | 10.44 | 1.33 | 11.77 | 2 |
| 4 | 50 | 5 | 470 | 80 | 550 | 9.4 | 1.6 | 11 | 4 |
FC=470
VC=20*L
TC=FC+VC
AFC=FC/TP
AVC=VC/TP
ATC=TC/TP
MC=change in TC/Change in TP
option(B) is correct
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