1 Consider the information in the attached file. Currently the firm is using 4 robots and 36 workers to produce 12 units of output. What is the average total cost of production? ATC=?
2 Consider the information in the attached file. Currently the firm is using 4 robots and 36 workers to produce 12 units of output. The demand for the product increases and the firm decides to produce 24 units. In the short run, the average total cost of producing 24 units will equal ??dollars.
3 Consider the information in the attached file. Currently the firm is using 4 robots and 36 workers to produce 12 units of output. The demand for the product increases and the firm decides to produce 24 units. If the new high level of demand proves to be permanent, in the long run, the average total cost of producing 24 units will equal ?? dollars.
4 Consider the information in the attached file. If the level of output permanently increases to 36 units, the firm will use ??robots in the long run.
Attachment:- Narrative+C+_LATC_.pdf