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Production and Costs Analysis Fill in the missing parts in the following tables to illustrate the behavior of production and costs in the short-run; then determine the optimal level of production according to the number of inputs you are intending to use. The production function of the firm Output Land Capital Labor Units Square Meters Egyptian Pounds Units 1000 1600 2. 100 2 500 2 600 Output FC VC TC MCL MP AVC AFC ATC 0 1000 1600 2100 2500 2600 Hint: . Consider land and capital as fixed factors, while labor units as variable factors. 20 The cost of land is L.E. . per square meter. The interest rate on capital is 10 %. . The average wages per unit of labor is L.E1560