Here is the Scenerio-
Labor is only variable input.
Output is 4000 unit
Marginal Product of labor is 10
Average Product of labor is 50
Price of labor is $150
Marginal product of capital is 40
Average product of capital is 60
Price of capital is $240
Total Fixed Cost is $16000
Output MC AVC AFC ATC Total Economic Profit
4000 __ __ __ __ _____
How I find those values....plz show me the Work too© BrainMass Inc. brainmass.com February 24, 2021, 2:26 pm ad1c9bdddf
MPL = 10 = Change in number of units/ Change in Labor
<br>APL = 50 = Total Units/ Total Labor
<br>P(labor) = $150
<br>MPC = 40 = Change in number of units/ Change in ...
The total economic profit is found. The output for MC, AVC, AFC, ATC and total economic profit is found.