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Question 1. capital machines is fixed input currently, the firm has 10 machines cost of captal (k) = $300 per machine cost of labor (l) = $100 per...

Question 1.


capital machines is fixed input

currently, the firm has 10 machines

cost of capıtal (k) = $300 per machine

cost of labor (l) = $100 per worker


table 1.


Q. L. TFC. TVC. TC. AVC. ATC. MC


0 0


100 40


200 60


300 96


400 150


500 230


600 330


Question 2.


capital (machines) is fixed input

cost of capital = $300 per machine

cost of labor = $100 per worker

but now assume that ; the firm currently has 20 machines


table 2.


Q. L. TFC. TVC. TC. AVC. ATC. MC


0


100 30


200 11,000


300 66


400 38


500 14,000

70

600

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