Choose Gemeen 6A and 6 B: Chance s As Cre tire information in the table and answer the questions below. $485+14 1.5+ 1+ 3x 0.5) marks = 7 marks (2 (3) (4) (5) (6) (7) Marginal Average Product of Product of Average Value Marginal Labor Product of Product of Capital Output (kg) Capital Capital Labor APL Capital (unit) (unit) MPk(in Kg) APK (in (r x MPK= Kg) (in Kg) VMPx) (in Dirham 20 0 20 50 50 20 50 2.50 200 150 100 75 20 7.50 400 300 150 100 15 500 20 400 100 100 20 20 400 450 50 20 90 200 475 22.50 20 25 79.17 100 475 23.75 0 20 57.86 23.75 0 450 -25 -100 20 56.25 22.50 400 -50 44.44 20 -200 20 300 -100 30 11 15 -400 20 150 -150 13.64 7.50 -600 a. Identify fixed and variable inputs from the table. Which variable is fixed and which one is variable? Why? b. Assume the price of fixed input is 30 Dirham. Calculate fixed cost. c. What is the maximum production that you can produce at the optimum level of K use when per unit capital cost is: r = 100 Dirham? (hint: make use of VMPK = r formula to assert optimum use of K). Remember price of output is 4 Dirham per kg. d. Calculate total variable cost, total fixed cost and total cost at that at the optimum or least cost production level. e. Calculate level of profit at the optimum level of K use or optimum level of production. f. What range (s) of capital use, there is increasing return, decreasing return and negative marginal return