In the short run, a tool manufacturer has a fixed amount of capital. Labor is a variable input. The cost and output structure that the firm faces is shown in the table below. Calculate the total labor cost and the marginal resource cost, and then fill in the blanks in the labor supply table. Instructions: Enter your answers as a whole number. Marginal Resource Total Units of Labor Wage Rate Total Labor Cost Product (Labor) Cost 10 400 $9 90 O 11 416 12 132 O 42 12 430 15 180 O 13 442 18 234 O 54 O 14 452 21 294 O 60 V 15 460 24 369 X 75 X O0000

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