I’m working on a micro economics exercise and need an explanation and answer to help me learn.
Fill in the following information based on Q and TC information below. Graph the TC, TFC and TVC on one graph paper.
On a different graph paper sheet, plot the ATC, AFC, AVC and MC- Make sure that the MC values and curve will be plotted between numbers (see the textbook graph). When you have ATC of 8 units and the ATC of 9 units, then the MC point will be plotted at 8.5 units.
You can print a graph page from the internet – you could use Excel.
You should not use a program to plot the information – just print the page to plot the information by hand.
These cost curves will be used in assignments for the following chapters, so it is very important that you have a LARGE graph and the ATC, AVC, AFC and MC curves should fill the whole page
Quantity TC TFC TVC AFC ATC AVC MC
0 10
1 15
2 18
3 20
4 21
5 23
6 26
7 30
8 35
9 41
10 48
11 56
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