Use the following to answer questions: 
-(Table: Cost Data) Look at the table Cost Data. The average total cost of producing 2 purses is:
Definitions:
Marginal Productivity Theory
An economic theory suggesting that the addition of a unit of labor or capital within the production process will increase the output by the amount of the marginal product.
MP L
Marginal Product of Labor; the additional output resulting from employing one more unit of labor, holding other inputs constant.
MP C
Marginal Propensity to Consume, which is the fraction of additional income that a household spends on consumption.
Production Costs
Expenses associated with the creation of a product or service, including raw materials, labor, and overhead costs.
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