Marginal cost is: 20.00- 19.00- MC = 5-8q + 3q? 18.00- 17.00- 16.00- 15.00- 14.00- n 13.00- 12.00- E 11.00- E 10.00- 9.00- 8 8.00- 7.00- 6.00- 5.00- 4.00- 3.00- 2.00- 1.00- 0.00- Average fixed cost is: AFC = Average variable cost: AVC = 5-4q + q² Average cost is: AC = +5-4g +q° 1.) Use the 3-point curved line drawing tool to draw the average fixed cost curve for quantities q = 1, q= 2, and q = 3. Label this ine 'AFC'. Quantity, q. Units per day If you are viewing this on a test or quiz, you must click the graph to enable the drav 2.) Use the 3-point curved line drawing tool to draw the average variable cost curve for quantities q = 1, q = 2, and q = 3. Label this line 'AVC. 3.) Use the 3-point curved line drawing tool to draw the average cost curve for quantities q = 1, q = 2, and q = 3. Label this line AC'.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question

whats the points for 1) 2) 3)

z 12+6q- 42*+ q3
MC= dg= 6- fZ+ 3q2
C =
3.
AFCE B-TEC= 13
AVC o TUL = 69-49*7q1
AUC =
%3D
Acz
12
+6-49+2
AFC
AC
15
AVC
12
3.
4
3.
15.
72キ
AC.
AFU
AVO
2.
2.
Transcribed Image Text:z 12+6q- 42*+ q3 MC= dg= 6- fZ+ 3q2 C = 3. AFCE B-TEC= 13 AVC o TUL = 69-49*7q1 AUC = %3D Acz 12 +6-49+2 AFC AC 15 AVC 12 3. 4 3. 15. 72キ AC. AFU AVO 2. 2.
Text Question 2.4c
Marginal cost is:
20.00,
19.00-
MC = 5- 8q +
3q?
18.00-
17.00-
16.00-
15.00-
14.00-
A 13.00-
12.00-
11.00-
10.00-
9.00-
8.00-
Average fixed cost is:
6.
AFC
%3D
Average variable cost:
AVC = 5-4q + q²
7.00-
6.00-
5.00-
Average cost is:
4.00-
3.00-
2.00-
1.00-
0.00+
6
AC =
+5 - 4q + q?
2
3
4
1.) Use the 3-point curved line drawing tool to draw the average fixed cost curve for quantities q = 1, q = 2, and q = 3. Label this
line 'AFC'.
Quantity, q, Units per day
If you are viewing this on a test or quiz, you must click the graph to enable the drawing
2.) Use the 3-point curved line drawing tool to draw the average variable cost curve for quantities q = 1, q = 2, and q= 3. Label
this line 'AVC'.
3.) Use the 3-point curved line drawing tool to draw the average cost curve for quantities q = 1, q = 2, and q= 3. Label this line
'AC'.
Carefully follow the instructions above, and only draw the required objects.
Cost per unit, $
Transcribed Image Text:Text Question 2.4c Marginal cost is: 20.00, 19.00- MC = 5- 8q + 3q? 18.00- 17.00- 16.00- 15.00- 14.00- A 13.00- 12.00- 11.00- 10.00- 9.00- 8.00- Average fixed cost is: 6. AFC %3D Average variable cost: AVC = 5-4q + q² 7.00- 6.00- 5.00- Average cost is: 4.00- 3.00- 2.00- 1.00- 0.00+ 6 AC = +5 - 4q + q? 2 3 4 1.) Use the 3-point curved line drawing tool to draw the average fixed cost curve for quantities q = 1, q = 2, and q = 3. Label this line 'AFC'. Quantity, q, Units per day If you are viewing this on a test or quiz, you must click the graph to enable the drawing 2.) Use the 3-point curved line drawing tool to draw the average variable cost curve for quantities q = 1, q = 2, and q= 3. Label this line 'AVC'. 3.) Use the 3-point curved line drawing tool to draw the average cost curve for quantities q = 1, q = 2, and q= 3. Label this line 'AC'. Carefully follow the instructions above, and only draw the required objects. Cost per unit, $
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