Complete all your calculations and answers on this sheet. Labour (# of Daily MP workers) Output Product TVC TFC ATC TC AVC MC (TP) (AP) (Input) (ATC/ATP) (TP/L) (ATP/AL) (TVC/TP) (TC/TP) 0 1 600 2 1100 3 1500 4 1800 5 2000 6 2100 1) Santiago owns a copier store. He leases two copy machines for which he pays $20 per day. He cannot increase the number of machines without giving his supplier six weeks' notice. He can hire as many workers as he wants at $40/day. These are his only inputs. Complete the table. 2) What is the level of maximum productivity : _ units of output 3) What is the AVC and ATC at this quantity? 4) What is the quantity of diminishing returns? 5) What is the AFC at 5 workers? 6) Use the Production Graph on the following page to plot AP and MP curves 7) Use the Cost Graph on the following page to plot the AVC, ATC and MC curves 8) Illustrate on the cost curve graph the supply curve in the short term.