Question: Solve the following in detail only (second question) Question 2 Examine the following information about XYZ Incorporated Number of Output MP VC FC TC AVC

Solve the following in detail only (second question)

Question 2 Examine the following information about XYZ Incorporated Number of Output MP VC FC TC AVC AFC ATC MC Workers 0 0 0 110 12 30 W N 31 60 41 90 UT A 50 120 58 150 64 180 7 67 210 a. The firm is operating in the short run. How can you tell? b. What is happening to marginal product? Why? At which output level is marginal product greatest? c. Use the figures given to derive the cost information for the table. d. Compare the MP with the MC. What is your observation? Question 3 The below graph shows a monopolist that faces a market demand according to his cost functions. Answer all following questions

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