1. Please complete the table below, and graph on the same graph: the average fixed cost curve, the average variable cost curve, the average total cost curve, and the marginal cost curve. Output Cost 0 1200 1 1200 234LOON 000 5 6 Average Average Average Variable Total Cost Cost Fixed Variable Total Cost Cost Cost Fixed 7 8 9 10 300 1500 793 1049 1314 1879 2183 2504 1993 2790 4044 300 150 264.33 284.4 872 Marginal Cost 300 244 276
1. Please complete the table below, and graph on the same graph: the average fixed cost curve, the average variable cost curve, the average total cost curve, and the marginal cost curve. Output Cost 0 1200 1 1200 234LOON 000 5 6 Average Average Average Variable Total Cost Cost Fixed Variable Total Cost Cost Cost Fixed 7 8 9 10 300 1500 793 1049 1314 1879 2183 2504 1993 2790 4044 300 150 264.33 284.4 872 Marginal Cost 300 244 276
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Economic

Transcribed Image Text:1. Please complete the table below, and graph on the same graph: the average fixed cost
curve, the average variable cost curve, the average total cost curve, and the marginal cost
curve.
Output Cost
1
2
3
4
5
6
7
8
9
10
Fixed Variable Total
Average
Fixed
Cost Cost Cost
1200
1200
300 1500
793
1049
1314
1879
2183
2504
1993
2790
4044
300
150
Average Average
Variable Total
Cost
Cost
264.33
284.4
872
Marginal
Cost
300
244
276
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