QUE1

(13 total points) Joe runs a farm. He rents the land for $250 a day, and he can hire workers for $20 per day for each worker. His short run production function is given in the first two columns of the following table.

Complete the table below by filling in ALL missing numbers. If your answer is a decimal rather than a whole number, round your answer to thenearest 2 decimal places.Also,do not enter leading zeroes.

\fDO NOT ENTER DOLLAR SIGNS, ONLY ENTER NUMBERS Labor Output MP MRP TR 0 O O O O 1 5O 2 9O 3 120 4 140 5 155 6 165