Question: Complete the following table, where L is a unit of labor, Q is units of output, and MP is the marginal product of labor. a.

Complete the following table, where L is a unit of labor, Q is units of output, and MP is the marginal product of labor.

a. At what level of labor input do the marginal returns to labor begin to diminish?
b. What is the average variable cost when Q = 24?
c. What is this firm€™s fixed cost?
d. What is the wage rate per day?

C-25 $ C-036925 065146 1222 012345

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