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l. The table belovt.r shows the relationships between different levels of a variable input and the corresponding output. Assume the variable input costs $50 per

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l. The table belovt.r shows the relationships between different levels of a variable input and the corresponding output. Assume the variable input costs $50 per unit and the output sells $10 per unit. Complete the table and answer the questions that follow. (30 points) Input (X) Output Total Total Average Marginal Marginal Marginal (Y) Revenue Input Physical Physical Value Input Cost Product Product Product Cost A. What is the prot maximizing amount of input to use? B. What is the prot at this input level? C. What is the prot if 3 units of inputs is used instead? D. Between 6 and 7 units of input: a. Increases income by b. Increases cost by c. Increases prot by 2. If the quantity demanded changes from 5 to 10 units as the price changes from $14 to $9, the elasticity is and is called 3. If the quantity demanded changes from 25 to 22 units as the price changes from $3 to $10, the elasticity is and is called

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