Douglas Fur is a small manufacturer of fake-fur boots in Houston. The following table shows the company's total cost of production quantities. Fill in the remaining cells of the following table. Marginal Cost Fixed Cost Quantity (Pairs) Average T (Dollars pe Total Cost Variable Cost Average Variable Cost (Dollars) (Dollars) (Dollars) (Dollars) (Dollars per pair) 60 160 220 270 4 340 450 6. 630 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points ATC of nroducing ne nair of hoots is $160 so Vou should

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Douglas Fur is a small manufacturer of fake-fur boots in Houston. The following table shows the company's total cost of production at various
production quantities.
Fill in the remaining cells of the following table.
Average Variable Cost
(Dollars per pair)
Average Total Cost
(Dollars per pair)
Marginal Cost
Fixed Cost
Quantity
(Pairs)
Total Cost
Variable Cost
(Dollars)
(Dollars)
(Dollars)
(Dollars)
60
-
1
160
220
270
4
340
450
6.
630
On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost
(AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For
ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $160, so you should start your ATC curve by
placing a areen point at (1. 160) For MC plot the points between the integers: For examnle the MC of increasina production from zero to one pairof
9 M
LEGO
AAAAAA
Transcribed Image Text:Douglas Fur is a small manufacturer of fake-fur boots in Houston. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) Marginal Cost Fixed Cost Quantity (Pairs) Total Cost Variable Cost (Dollars) (Dollars) (Dollars) (Dollars) 60 - 1 160 220 270 4 340 450 6. 630 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $160, so you should start your ATC curve by placing a areen point at (1. 160) For MC plot the points between the integers: For examnle the MC of increasina production from zero to one pairof 9 M LEGO AAAAAA
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
200
175
ATC
150
125
AVC
100
75
MC
50
25
0.
+
3
4
6.
QUANTITY (Pairs of boots)
ace
cer
COSTS (Dollars per pair)
Transcribed Image Text:Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 200 175 ATC 150 125 AVC 100 75 MC 50 25 0. + 3 4 6. QUANTITY (Pairs of boots) ace cer COSTS (Dollars per pair)
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