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Question 1 Complete the following table: Units of Labor 'r-lmU'I-lh-wMi Total Product Average Product 2U 1E 1D Marginal Product Question 2 Find TC, AFC, AVC,

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Question 1 Complete the following table: Units of Labor 'r-lmU'I-lh-wMi Total Product Average Product 2U 1E 1D Marginal Product Question 2 Find TC, AFC, AVC, ATC, and MC for the following table. OUTPUT FC VC TC MC AFC AVC ATC 0 50 0 50 90 2 50 120 50 165 50 220 50 290Question 3 Use the following information to compute own-price, income, and cross-price elasticity of demand for propane heaters. Price Quantity Demanded Income ($000) Heat Pump Price $100 1000 20 $4000 $200 2000 30 $2000 $300 1500 30 $4000 $400 2500 30 $5000 a) Calculate price elasticity of demand for propane heaters when price decrease from $300 to $200. b) Calculate income elasticity of demand for propane heaters when income increases from $20,000 to $30,000. Calculate cross elasticity of demand for propane heaters when price decrease from $300 to $200

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