Question: Suppose a firm employs labor as its only variable input. All workers are paid $40 per day. Output per day and total variable cost are

Suppose a firm employs labor as its only variable input. All workers are paid $40 per day. Output per day and total variable cost are shown in the table below. Complete the table, showing the number of labor, average variable cost, and marginal cost for the first eight units of output.

(Please show all the work.)

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