Output, Q Total Cost, C Average Cost, Marginal Cost, AC MC 0 10 — — 1 19 9 2 27 3 7 4 6 5 47 6 55 7 9 8 10 9 85 10 97

Published by admin at September 19, 2023

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Complete the following table and then graph the marginal and average cost curves. (The graphs do not have to be accurate – i.e. you do not need to draw on graphing paper – but should illustrate the main characteristics of the functions.)

I have worked to calculate the following, but can’t figure out the remaining values:

Output, Q Total Cost, C Average Cost, Marginal Cost, AC MC 0 10 — — 1 19 9 2 27 3 7 4 6 5 47 6 55 7 9 8 10 9 85 10 97

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