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2. A firm combines labor (L) and capital (K) to produce output (Q). The price of...

2. A firm combines labor (L) and capital (K) to produce output (Q). The price of one unit
of labor is 50 and the price of one unit of capital is 20. This firm is producing in the
short run (remember that in the short run there is one fixed resource, in this case,
capital). Complete the following information for this firm
L K Q TVC TFC TC ATC AVC AFC MC
0 20 0 -
1 18
2 60
3 100
4 3
Show your work.?

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