How many teams are required to produce 100 engines? To produce 100 engines, x labor teams are required (round to two decimal points)

You manage a plant that mass-produces engines by teams of workers using assembly machines. The technology is summarized by the production function q = 1OKL where q is the number of engines per week, K is the number of assembly machines, and L is the number of labor teams. Each assembly machine rents for r= $20,000 per week, and each team costs w= $4,000 per week. Engine costs are given by the cost of labor teams and machines, plus $2,000 per engine for raw materials. Your plant has a xed installation of 5 assembly machines as part of its design. The total cost of producing q units of output (TC) is TC = 4,000(5q0) + 2,000q. TC = 100,000 + 4,000(%) + 2,000q. TC =100,000 + 6,000q. C 0 q T 4,0 0( 50 ). TC =100,000 + 4,000q. The average cost (AC) of producing q machines is " 100,000 100,000 AC = + 2,080. A0 = + 2,000. q Cl q 100,000 AC=100,000+4,000(5)+2,000q. AC= T 100,000 AC = + 80. cl The average cost (AC) of producing q machines is V 100.000 AC = T + 2,080. q AC = 100,000 + 4000(5) + 2,000q. 100,000 AC + 80. q The marginal cost (MC) of producing q machines is MC =2,000q. V MC = 2,080. MC =2,080q. How do average costs vary with output? As quantity increases, average costs decrease . How many teams are required to produce 100 engines? To produce 100engines, 100.000 AC = T + 2,000. 100,000 AC= T. MC = 80. MC = 80q. labor team(s) are required. (Enter your response rounded to two decimal places.)