The following table shows the capital and labor requirements for 10 different levels of production. Assuming that the price of labor (P, ) is $5 per unit and the price of capital (PK) is $9 per unit,...

Extracted text: The following table shows the capital and labor requirements for 10 different levels of production. Assuming that the price of labor (P, ) is $5 per unit and the price of capital (PK) is $9 per unit, compute and graph total cost, marginal cost, and average cost for the firm. To do this, fill in the total cost for each output level in the table below. (Enter your responses as whole numbers.) K TC 1 20 3 20 7 3 20 10 4 20 13 20 17 6. 20 23 7 20 31 3 4 5 6 i & Units of output 0 1 7 10 11 12 8. 20 41 20 53 10 20 67 LO Cost per unit ($)