Question: Need help with this question please make sure to fill in the graph as well Q. 9 (10 norms) Assume that labor and capital are

Need help with this question please make sure to fill in

Need help with this question please make sure to fill in the graph as well

the graph as well Q. 9 (10 norms) Assume that labor and

Q. 9 (10 norms) Assume that labor and capital are the only inputs used by a rm. Capital is xed at 5 units, which cost $100 each. Each worker can be hired for $200 per day. Complete the following table to show average variable cost (AVC), average total cost (ATC), and marginal cost (MC). HINT 1: Insert FC and VC column. (HINT 2: VC = units of labor times wage per day) HINT 3: FC = rate times Quantity)

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