rices and Utilization Quiz i Saved Help Save & Exit Submit Least-Cost Kule Exercise 4 Seth utilizes labor and capital to produce firewood which he sells to local convenience stores. The table below depicts the productivity of labor and capital when Seth is producing firewood. The price of labor is $10 per worker and the price of capital is $20.00. Marginal Marginal Product Product Marginal of Total Marginal of Labor Total Product Capital Product Product per Product of per Workers (Labor) of Labor dollar Capital (Capital)| Capital dollar O O O 1 50 50 60 60 2 90 40 2 110 50 3 120 30 3 150 40 4 140 20 4 180 30 5 150 10 5 200 20 Instructions: Round your answers two decimal places. a. Complete the Marginal Product of Labor per dollar column of the table above. b. Complete the Marginal Product of Capital per dollar of the table above. c. Suppose Seth would like to produce approximately 230 units of output. What is the least cost method for producing 230 units of output? unit(s) of labor and unit(s) of capital. d. Suppose instead Seth would like to produce approximately 320 units of output? What is the least cost method for producing 320 units of output? unit(s) of labor and unit(s) of capital