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someone pls solve this assignment for me. Q1. Define the following Explicit costs Cost Fixed costs Cost Variable costs Total cost Average fixed cost Average

someone pls solve this assignment for me.

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Q1. Define the following Explicit costs Cost Fixed costs Cost Variable costs Total cost Average fixed cost Average variable cost Average total cost Marginal cost Q2.. Nimbus, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the number of workers and Nimbus's output in a given day: Average Marginal Total Total Marginal Workers Output Product Cost Cost Cost 0 20 50 2 90 1 120 5 140 6 150 155 - a. Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $100 a day, and the firm has fixed costs of $200. Use this information to fill in the column for total cost. c. Fill in the column for average total cost. (Recall that ATC = TC/Q.) What pattern do you see? d. Now fill in the column for marginal cost. (Recall that MC = ATC/AQ.) What pattern do you see? e. Compare the column for marginal product and the column for marginal cost. Explain the relationship. f. Compare the column for average total cost and the column for marginal cost. Explain the relationship. Q3. a) From the blow table draw Total product Curve, Average product curve and Marginal product curve. b) Also discuss the three aspect of law of diminishing return. Marginal Product of Labor, Capital, K Labor, 1. Output, Average Product of Labor, Total Product, Q MR, = AQ/AT. 18 36 18 56 20 75 90 15 98 50 00 50 00 50 104 108 110 110 108 13 104 Q4. Discuss the Isoquant and Isocost with graphically presentation

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