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If you could fill out the first two rows of the table in part a of the problem and show how you got there, that

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If you could fill out the first two rows of the table in part a of the problem and show how you got there, that would be greatly appreciated.

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3. Brad's Bowling Balls combines capital and labor to make bowling balls. The production function for Brad is Q = 2\\l(KL) (where the symbol represents the square root operator, which applies to the entire product KL). Brad has 4 units of capital. Current prices are 8 for each unit of capital and 5 for each unit of labor. a. Complete the following table. (Remember that costs are just the cost of the inputs being used.) Explain how you obtained your numbers. l Labor Total Fixed Cost l Total Var. Cost Total Cost l Marginal Cost b. Repeat part a assuming now that the price of labor is 8. c. Sketch the total cost curves from parts a and b. What can you say about the impact of higher wages on total costs? Why should that be true? (:1. Repeat part c for marginm

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