Answer to Question #183614 in Economics for Eza Derick

Question

a. Given that the unit price of capital is GHc10 and he purchases 4 units when the labour was 1 unit, and that weekly compensation of labour is GHc20, complete the table below. (12 marks)

 Px (GHC)

   X Py (GHC) Y

          Capital Labour TP AP MP 412

25 3 10 4 14 5 14 6 12

TFC TVC TC ATC

                                

Answer 1

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