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4. Mark and Jeff operate a small company that produces souvenir footballs. Their fixed cost is $2,000 per month. They can hire workers for $1,000

4. Mark and Jeff operate a small company that produces souvenir footballs. Their fixed cost is $2,000 per month. They can hire workers for $1,000 per worker per month. Their monthly production function for footballs is as given in the accompanying table.(18 points)

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Quantity Quantity of labor of AVC of AFC of ATC of TC of MC of (workers) footballs football football football football football O 0 N/A N/A N/A N/A 300 2 800 3 1,200 4 1,400 5 1,500

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