Question: The following table shows data for the simple production function used in Question 1. Capital costs this firm $50 per unit, and labor costs $20

The following table shows data for the simple production function used in Question 1. Capital costs this firm $50 per unit, and labor costs $20 per worker.

TC AVC MC K P MP TFC TVC AFC ATC 10 0 10 25 10 2 75 10 3 120 10 83 10 5 54 10 35 10 7 22 10 8 10 10 9 10 10

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