3. a. In production activities to convert inputs into outputs, companies not only determine what inputs are needed, but also must consider the prices of these inputs which are the production costs of the output. Define total cost, average total cost, and marginal cost. How are these three costs related? b. Production costs also consist of short-term production costs and long-term production costs. Short-run production costs are derived from the short-run production function. From the data table below, answer each question 3. a. In production activities to convert inputs into outputs, companies not only determine what inputs are needed, but also must consider the prices of these inputs which are the production costs of the output. Define total cost, average total cost, and marginal cost. How are these three costs related? b. Production costs also consist of short-term production costs and long-term production costs. Short-run production costs are derived from the short-run production function. From the data table below, answer each