Production

Total Product	Total Fixed Cost	Total variable cost	Total Cost	Average fixed cost	Average variable cost	Average Total Cost	Marginal Cost
0		0
1		25
2		45
3		60
4		70
5		85
6		105
7		135
8		180
9		240
10		315

Assume that fixed costs are $50, labor is the only variable input and its costs are reflected completely in the costs above.

1. Complete the table
2. Graph AFC, AVC, ATC, and MC
3. Explain how increasing returns and decreasing returns are depicted in your graph
4. If the labor input increased by $10 at every unit of production, what would be the effect on your graphs?