Question

Q5

MC=wage /marginal product

MC=200/200=\$1

Option 4

=============

Q6

Average variable cost =wage/average product

=200/250

=0.8

Option 2

=========

Q7

Average fixed cost =total fixed cost/total output

Total output =AP*L=250*20=5000

AFC=1000/5000=0.2

Average total cost =AFC+AVC

=0.2+0.8

=\$1

ATC=MC at the output so the ATC is at its minimum

Option 3

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