So the problem is that I am only give the units of variable input, the total product (which is the quantity) marginal product, average product, price of input (which is 1), total variable cost, average variable cost, total fixed cost (which is 2), total cost, average total cost and marginal cost.
The values for units of variable input are 0,1,2,3,4,5,6,7,8
values for total product is 0,6,15,27,37,45,50,52,50
values for marginal product 0,6,9,12,10,8,5,4,-2
values for average product 0,6,7.5, 9, 9.5, 9, 8.33, 7.43, 6.25
ok so I am given the values for nothing else. I am so stumped and have literally been sitting here for 4 hours with no progress. Please find a place in your heart to help me out!!
The values for units of variable input are 0,1,2,3,4,5,6,7,8
values for total product is 0,6,15,27,37,45,50,52,50
values for marginal product 0,6,9,12,10,8,5,4,-2
values for average product 0,6,7.5, 9, 9.5, 9, 8.33, 7.43, 6.25
ok so I am given the values for nothing else. I am so stumped and have literally been sitting here for 4 hours with no progress. Please find a place in your heart to help me out!!