PDE Assignment_5.doc.pdf X + X -> C File | C:/Users/Lenovo%20Slim%203/Downloads/Assignment_5.doc.pdf Question 1 The following table shows different levels of output that could be achieved by several combinations of labour and capital: Labour Input Plant 1 Plant 2 Plant 3 Plant 4 10 40 100 130 150 20 100 150 190 210 30 130 180 210 230 40 150 200 230 250 50 160 210 250 260 Capital Input 10 20 30 40 W The cost of labour is $50 per unit and the cost of capital is $65 per unit. .Hero.cor a) Sketch the short run average total cost curve if K = 10. b) Sketch the short run average total cost curve if K = 20. ur c) Sketch the short run average total cost curve if K = 30. d) Sketch the short run average total cost curve if K = 40. e) Now the firm is at the long run, how many K would the firm use if Q = 100? f) Now the firm is at the long run, how many K would the firm use if Q = 150? g) Now the firm is at the long run, how many K would the firm use if Q = 210? h) Now the firm is at the long run, how many K would the firm use if Q = 250? i) Sketch the long run average total cost curve. Type here to search 99+ P W 61% 19 0 ( 1 8 0 ( 4 ) ENG 10:20 am 01/07/2021 19