Based on the numbers provided use excel to set up two diagrams (a.k.a. Excel charts): the first one showing the firm's short-run production curve and the second one showing its short-run marginal production curve. Note that in both of these charts you should have the amount of labor on the horizontal axis. Also, keep in mind that when you graph marginal values (such as marginal product) since marginal values are calculated over a range, in your diagrams you should put the marginal value in the middle of the horizontal range that they are calculated over.

Short essay about the relationship and the difference between the short-run and the long-run decisions made by the firm.

Capital Labor 0 1 2 3 4 5 6 7 8 9 0 0 0 O 0 0 0 0 0 0 0 1 0 1 3 7 12 18 21 23 24 24 2 0 3 12 30 60 85 105 120 130 135 3 0 7 30 85 105 120 150 180 210 230 4 0 12 60 105 130 210 280 340 380 410 5 0 18 85 120 210 410 500 570 620 660 6 0 21 105 150 280 500 700 850 950 1000 7 0 23 120 180 340 570 850 1100 1300 1400 8 0 24 130 210 380 620 950 1300 1500 1600 9 0 24 135 230 410 660 1000 1400 1600 1700