2) For the following cost functions calculate and plot the average fixed costs, average variable costs, average total costs and the marginal costs on the same graph. Make sure that you take into account the relationship between the different curves. c(y) = 2y MC(y) = 2, (5) с(у) %3 2у + 4 MC(у) — 2 (6) c(y) = 2y² + 10 MC(y)= 4y (7)
2) For the following cost functions calculate and plot the average fixed costs, average variable costs, average total costs and the marginal costs on the same graph. Make sure that you take into account the relationship between the different curves. c(y) = 2y MC(y) = 2, (5) с(у) %3 2у + 4 MC(у) — 2 (6) c(y) = 2y² + 10 MC(y)= 4y (7)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:2) For the following cost functions calculate and plot the average fixed
costs, average variable costs, average total costs and the marginal costs on the
same graph. Make sure that you take into account the relationship between
the different curves.
с(у) — 2у МC(у) 3 2,
(5)
c(у) — 2у + 4 MC(у) — 2
(6)
c(y) = 2y² + 10
MC(y) = 4y
(7)
%3D
c(y) = 2y? + 10y MC(y) = 4y + 10
(8)
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