Using the following table construct the cost schedule for a firm operating in the short run Graph the average variable cost, average total cost and marginal cost curves. Quantity- Production (thousands) Total Fixed cost Total Variable cost Total Cost Marginal Cost Average Fixed Cost Average Variable Cost Average Total Cost 0 $400 0 $400 --- --- ---- ----                 1     $640                         2     $720                         3     $780                         4     $820                         5     $850                         6     $890                         7     $980                         8     $1200                         9     $1700

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