The table below (Figure 6 1) represents the short run technology available to a firm Assume that L is the variable factor of production and K is the fixed factor of production The price of labor is $6 per unit and the price of capital is $4 per unit Using Excel, complete the rest of the table Please copy and paste the Excel table to your Word file Figure 6 1 K TP AP MP TVC TFC TC AFC AVC ATC MC 20 0 1 10 N 30 60 100 Un 150 210 7 280 8 360 9 450 10 550 11 640 12 720 13 790 14 850 15 900 16 940 17 970 18 990 19 1000

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Question: The table below (Figure 6.1) represents the short run technology available to a firm. Assume that L is the variable factor of production and K

The table below (Figure 6.1) represents the short run technology available to a firm. Assume that L is the variable factor of production and K is the fixed factor of production. The price of labor is $6 per unit and the price of capital is $4 per unit. Using Excel, complete the rest of the table. Please copy and paste the Excel table to your Word file.

Figure 6.1

K TP AP MP TVC TFC TC AFC AVC ATC MC 20 0 1 10 N 30 60 100 Un 150 210 7 280 8 360 9 450 10 550 11 640 12 720 13 790 14 850 15 900 16 940 17 970 18 990 19 1000

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