3 The daily production of a firm is provided in the table below. The firm produces output using capital and labor as denoted by K and L, respectively. The company has assigned a rental rate of capital at $320 per unit per day, it must pay regardless of whether it 4 6 5 produces or not. It hires full-time workers as denoted by L. The firm pays each full-time worker $28 per hour and each worker works 8 hours per day. The company expects Q units of output with the K and L associated with the production row as given in the table. Calculate the values for the productivity and costs measures below. Round values to nearest hundredth. Then answer the questions 7 and complete the tasks assigned below. 684 9 on 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 LO482 12 16 20 24 28 32 36 40 44 48 52 56 60 64 68 72 76 80 K444444 st 4 st 4 4 4 4 4 4 4 444444 4 Q 0 4 15 30 52 78 107 140 176 214 253 293 333 372 410 447 481 512 541 566 586 AP of variable input MP of variable input TFC TVC TC AFC AVC ATC MC

The daily production of a firm is provided in the table below. The firm produces output using capital and labor as denoted by KK and L, respectively. The company has assigned a rental rate of capital at $320 per unit per day, it must pay regardless of whether it produces or not. It hires full-time workers as denoted by L. The firm pays each full-time worker $28 per hour and each worker works 8 hours per day. The company expects Q units of output with the K and L associated with the production row as given in the table. Calculate the values for the productivity and costs measures below. Round values to nearest hundredth. Then answer the questions and complete the tasks assigned below