Question: Given below are combinations of two inputs (X, and X2) that could produce 100 units of corn. Combination X1 Units X2 Units A 10 1

Given below are combinations of two inputs (X, and X2) that

Given below are combinations of two inputs (X, and X2) that could produce 100 units of corn. Combination X1 Units X2 Units A 10 1 B 5 2 C 3 3 D 2 4 E 1.5 5 1. Suppose that the price of X1 and X2 are both 1 OR per unit what combination of inputs will minimize the cost to produce 100 units of corn? 2. Suppose that the price of each input is 3 OR per unit and the total fixed cost is 200 OR. 2.1. What is the Total Variable Cost (TVC)? 2.2. What is the Total Cost (TC)? 2.3. What is the Average Variable Cost (AVC). 2.4. What is the Average Total Cost (ATC)

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