Question: Question 1: The following data show the total output for a rm when different amounts of labour are combined with a xed amount of capital.

Question 1: The following data show the total output for a rm when different amounts of labour are combined with a xed amount of capital. Assume that the wage per unit of labour is $20 and the cost of the capital is $50. nan output per period Refer to the above Table, answer the following questions: a. What is the marginal product of the 4th unit of labour hired by the rm? Answer: b. What is the total output per period when this rm is employing labour such that the marginal product of labour is at its maximum? Answer: c. What is the average xed cost for 150 units of output

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