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please solve the question below: QUESTION 2 a. A rm's xed costs for 0 units of output and its average total cost of producing different

please solve the question below:

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QUESTION 2 a. A rm's xed costs for 0 units of output and its average total cost of producing different output levels are summarized in the table below. Complete the table to nd the xed cost, variable cost, total cost, average xed cost, average variable cost, and marginal cost at all relevant levels of output. (1) (2) (3) (4) (5) (6) (7) (8) Quantity Fixed Variable Total Agar? 3:215: Ag? Marginal Cost Cost Cost Cost Q F C VC TC Cost Cost Cost MC AFC AVC ATC 0 IS, 000 - l 00 300 200 200 300 175 400 225 500 325 600 400 1:. Suppose that the marginal product of the last worker employed by a rm is 40 units of output per day and the daily wage that the rm must pay is $20, while the marginal product of the last machine rented by the rm is 120 units of output per day and the daily rental price of the machine is $30. Show if the rm is using the cost-minimizing combination of labour and capital and give appropriate advice if necessary

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