Hi,

Could you help me out with the following question.

Thank you

U TIO The following table shows data for a simple function. Capital costs this firm S20 per unit, and K S20/ Unit, L = SIO/worker Labor Total Product Ca ital (K 10 10 10 10 10 10 10 10 10 TFC TC mvc 15 75 85 90 92 a. From the information in the table below, calculate the total fixed cost variable cost (TVC), total cost (TC), average fixed cost (AFC), average variable cost (AVC), average total cost (ATC), and marginal cost (NC). b. At which quantity of workers is average total cost minimized? c. At which quantity of workers is average variable cost minimized?