Question

A. Fill in the blanks in the table below.

b. Draw a graph that shows marginal cost, average variable cost, and average total cost, with cost on the vertical axis and quantity on the horizontal axis. Discuss the relationship between curves .


Q
FC
VC
Tc
MC
AFC
AVC
ATC
0


98




1


125




2


145




3


157




4


177




5


202




6


236




7


270




8


326




9


398




10


490

Answer 1

Answer: n order to calculate marginal cost, you have to take the change in total cost divided by the change in total output. Take the first 2 rows of your chart. Subtract the total cost of the first row by the total cost of the second row.

Step-by-step explanation: