Find and graph the TC , AFC , AVC , AC , and MC from the following table. (TC in

Question

Find and graph the TC , AFC , AVC , AC , and MC from the following table. (TC in graph 2 and Others in graph 1)
Instructions: Round your answers to the nearest whole number.
Q 0 1 2 3 4 5
FC 100 100 100 100 100 100
VC 0 40 60 70 85 130
TC
AVC n/a
ATC Inf
MC Inf
AFC Inf



OUTPUT ON THE BOTTOM AND COST IS ON THE LEFT AXIS. COST NUMBERS STARTING FROM ZERO ON THE LEFT SIDE ARE 25, 50, 75, 100, 125, and 150. AND COST IS NUMBERED 1,2,3,4,5 ON THE BOTTOM AXIS. Please help me with the charts.

Instructions: On the graph above, click the plotter tool (called "MC") and drag the first point you want to plot onto the grid. Continue clicking and dragging the plotter tool until you have identified all of the necessary points for this line. Then repeat these steps for the plotter tool (called "AVC, AFC and AC "). To remove a point from the graph, drag the point off an edge of the graph. (To plot a single point at precise coordinates, drag the point plotter onto the graph and then click the small icon representing a key. You can then enter precise values for either or both of the axes. Be sure to click set position.)"

Explanation / Answer

This solution graphs the AFC, ATC, AVC, and MC curves for the given fixed and variable costs. A firm has fixed costs of $100 and variable costs of the following: a. Graph the AFC, ATC, AVC, and MC curves. b. Explain the relationship between the MC curve and the two average cost curves.

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