Based on this information use Excel Charts to do the following:

(a) Set up an isoquant map with isoquants representing output levels of 10, 105, and 410 units of output.

(b) Set up a diagram showing the firm's short run production function assuming that the firm has only one unit of capital.

(c) Set up a diagram showing the firm's marginal product schedule assuming that the firm has only one unit of capital.

(d) Assume that capital is fixed at one unit in the short run and that the costs associated with the use of fixed inputs are $30 per period, while the wage rate is $10 per unit of labor per period. Use this information to perform the calculations necessary to set up a diagram showing total cost (TC) and total variable cost (TVC) of the firm per period in the short run.

(e) Also, use the information in part c to then set up a another diagram showing the firm's short run marginal cost (MC), average total cost (ATC), and average variable cost (AVC) in the range from 10 to 135 units of output.

Description The following production grid shows the relationship between capital and labor inputs and the output that can be produced by a firm. Capital Labor 0 1 2 3 4 5 6 7 8 0 0 1 3 6 8 10 12 13 13 7 1 10 30 60 85 105 120 130 135 2 3 30 85 105 120 150 180 210 230 3 6 60 105 130 210 280 340 380 410 4 8 85 120 210 410 500 570 620 660 5 10 105 150 280 500 700 850 950 1000 6 12 120 180 340 570 850 1100 1300 1400 7 13 130 210 380 620 950 1300 1500 1600 8 13 135 230 410 660 1000 1400 1600 1700