Number of workers (L) | Number of bouquets (Q) | Marginal product of labor (MPL) | Fixed Cost (FC) | Variable Cost (VC) | Total cost (TC) | Average total cost (ATC) | Average variable cost (AVC) | Marginal cost (MC) |
0 | 0 | – | ||||||
1 | 20 | |||||||
2 | 50 | |||||||
3 | 90 | |||||||
4 | 120 | |||||||
5 | 140 | |||||||
6 | 150 | |||||||
7 | 155 |
Q | TFC | TVC | AFC | AVC | ATC | MC |
0 | $100 | $0 | —- | —- | —- | —- |
1 | 100 | 50 | ||||
2 | 100 | 70 | ||||
3 | 100 | 90 | ||||
4 | 100 | 140 | ||||
5 | 100 | 200 | ||||
6 | 100 | 360 |
Quantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit |
0 | $8 | — | $0 | — | |
1 | 9 | 8 | |||
2 | 10 | 16 | |||
3 | 11 | 24 | |||
4 | 13 | 32 | |||
5 | 19 | 40 | |||
6 | 27 | 48 | |||
7 | 37 | 56 |