Can you assist in filling out this chart? Q ofWorkers01234A Bakery specializes in making bread. It has fixed costs associated with space and equipment of$200 per day. Each worker is paid $80 per day, which is their only variable cost. Your task is to fill-in the cells (those with a ?) in the following table. (Round to two decimal places – Example: 2.33)5Q ofBread(Loavesper day)02038536365MarginalProductof eachworker?????TotalVariableCost(TVC)?????AverageVariableCostTotalFixedCost(AVC) (TFC)?????????Average TotalFixedCost(TC)Cost(AFC)??????????סיMarginalCost (MC)of eachloaf?סיי????

Fixed Cost remains same at all levels of output. Variable Cost varies as the output changes Total Cost = Fixed Cost + Variable Cost Average Variable Cost = Total Variable Cost / Quantity Average Fixed Cost = Fixed Cost / Quantity Marginal Cost = Change in Total Cost / Change in Quantity Marginal Product = Change in Total Product / Change in Labor Q of Workers Q of Bread Loves Marginal Product Fixed Cost $ AFC $ Variable Cost $ AVC $ Total Cost $ Marginal Cost $ 0 0 200 200 1 20 20 200 10 80 4 280 4 2 38 18 200 5.26 160 4.21 360 4.44 3 53 15 200 3.77 240 4.53 440 5.33 4 63 10 200 3.17 320 5.08 520 8 5 65 2 200 3.08 400 6.15 600 40At 3 units of Workers Q ie Loaves of Bread = 53 Marginal Product = (53 - 38) / (3 - 2) = 15 / 1 = 15 Average Fixed Cost = 200 / 53 = 3.77 Variable Cost = Number of workers * Wages Paid = 3 * 80 = $240 Total Cost = 200 + 240 = $440 AVC = 240 / 53 = $4.53 Marginal Cost = (440 - 360) / (53 - 38) = 80 / 15 = 5.33 Similarly other calculations are made