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The tabte shows production data for three quantities of capital. Suppose that each unit of capital costs 81.000 and each unit of labor costs 8200.
The tabte shows production data for three quantities of capital. Suppose that each unit of capital costs 81.000 and each unit of labor costs 8200. Complete the tab1e. (Round your answers to two decimal places.) Labor. Capital, Output, Average total Capital. Output, Average total Capital, Output, Average total L K O cost, ATC K O cost, ATC K 0 cost, ATC 2 3 4 1 2 100 $ 3 160 $ 4 210 8: 2 2 800 $ 3 1.200 $ 4 1,350 8: 3 2 1,300 $ 3 1.800 $ 4 2,200 8: 4 2 1,475 $ 3 2.100 $ 4 2,600 8: 5 2 1,500 55 3 2.200 $ 4 2,700 8: 6 2 1,510 $ 3 2.220 $ 4 2,710 8
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