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A firm combines Labor (L) and Capital (K) to produce output (Q). The price of one unit labor is 30 and the price of one

A firm combines Labor (L) and Capital (K) to produce output (Q). The price of one unit labor is 30 and the price of one unit of capital is 10.This firm is producing in the short run (remember that in the short run there is one fixed resource, which is capital). Complete the following chart:

image text in transcribedimage text in transcribed
L K Q TC TFC TVC ATC AFC AVC MC 0 30 2 0.75 20 170 4 0.8

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