Let us take another look at the producdon grid from assignment No. 6: Capital 680 F'oO 820 [a] The tradidonal distinction economists make between short-run and longrun production decisions is :hat in the long run all inputs are variable. whereas in the short run. some inputs are xed. With that in mind consider the production options highlighted in the above grid if the amount of capital were to be xed at 2 units. Based on the numbers provided, use excel to set up two diagrams (a.k.a. Excel charts]: the rst one showing the rm's short-run production curve and the second one showing its short-run marginal production curve. Note that in bo:h of these charts you should have the amount of labor on the horizontal axis. Also. keep in mind thatwhen you graph marginal values (such as marginal product] since marginal values are calculated over a range. in your diagrams you should put the marginal value in the middle of the horizontal range that they are calculated over. [b] Copy both your charts into a Word or pdf le that also has an essay that (i) explains the reladonship between the two curves (i.e.. hovi.r the slope of the short run producdon curve in your chart is related to the shortrun marginal product of labor], and l(ii) also discusses the relationship and the difference between the short-run and the longrun decisions made by the rm