Based on the data of the following short-term production function

a.Calculate the values ??corresponding to the average and marginal production

Problem 2.

A company that has the above short-run production function wants to calculate its fixed cost, variable cost, and total cost of units produced. The information they offer you is that the capital has a price of $ 1500 and the worker is paid $ 200 a day.

Problem 3.

Calculate average fixed costs, average variable, average total, and marginal cost

a. Calculate the values corresponding to the average and marginal production T Total production - - - - - - - - - Problem 2. Total Production 0 30 80 140 240 Average total cost Avg. fixed cost Avg. variable cost Marginal cost 390 490 550 600 590 Problem 3. Total Avg. total Avg. fixed Avg. variable Marginal cost Production cost cost cost