5–17. The Workerbee Company employs 100 high school graduates and 50 college graduates at respective wages of $10 and $20. The total product for high school graduates is 1,000 + 100QH, whereas the total product for college graduates is 5,000 + 50QC. QH =

the number of high school graduates, while QC = the number of college graduates. Is the company hiring the optimal amount of each type of worker? If not, has it hired too many high school or too many college graduates? Explain.

5–18. Q TC TFC TVC MC AC AFC AVC 0

1 500 80 2 60 3 50 4 60 5 75 6 95 7 120 8 150 9 185

a. Complete the above table.

b. Graph TC, TFC, TVC, MC, AC, AFC, and AVC against Q.