A worker costs 10 RMB per day, and the firm has fixed costs of 80 RMB.

a. Fill in the Table.

b. Draw the MC, ATC and AVC curves at the same Graph.

c. What is the minimum price the firm is willing to accept at the short run?

d. What is the minimum price the firm is willing to accept at the long run?

e. If the firm can get 55 RMB per unit, how many units should the firm produce at the short run?

f. If the firm can get 65 RMB per unit, how many units should the firm produce at the long run?

Consider the following relationship between the number of workers and the output of a firm in a given day: Output Labors _ -! -5.I .3 .5 .1: m I\"! J:-