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I can't figure out how to find FC please help! ECON 101 Practice Problems Exam #2 Spring 2021 #5. Use the table of production function

I can't figure out how to find FC please help!

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ECON 101 Practice Problems Exam #2 Spring 2021 #5. Use the table of production function to compute the following: Labor (L) Output (Q) MPL APL VMPL VC FC TC MC AVC ATC 328 O 328 2 704 376 352 180% 3 1116 412 372/ 2060 1650 4 1552 436 388 2180 1406 5 2000 448 400 2240 1750 6 2448 448 40 8 2240 2100 7 2884 448 412 2240 2450 8 3296 412 412 2060 7800 9 3672 408 1808 3150 10 4000 328 400 1640 3560 11 4268 268 388 13 40 3850 12 4464 192 1371.83 960 42 60 13 4576 112 352 560 4550 4592 328 4900 14 16 15 4500 - 92 30d - 460 5250 16 |268 5600 4288 -212 - 1060 Pick several different amounts of inputs (workers) to answer the following. I suggest focusing on Labor = 9 to Labor = 16. 1. Compute the Marginal Product of Labor AL AG Compute the Average Product of Labor output Taber Input 3. What is VMPL? Compute it for your units. VMP - L MPRP 4. Fill in the Cost Functions. Be sure you know the general formulas for each column. 5. (hint try L = 9 to L = 16) If output sells for $5 per unit and you can hire labor at $350 per worker a. How many workers will you hire? 14 b. How much output will you produce at this level? 6. If you want to work the entire table for MPL, can you find the range of inputs that have increasing Marginal Returns, Diminishing Marginal Returns and Negative Marginal Returns? 7. What does this mean for the Marginal Costs (increasing, decreasing)

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