- Jane S Juice Bar Has The Following Cost Schedules In The Following Table Complete The Marginal Cost Average Variable 1 (24.68 KiB) Viewed 114 times
On the following graph, use the orange points (square symbol) to plot the marginal-cost curve for Jane's Juice Bar. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasing production from 1 vat of juice to 2 vats of juice is $5, then you would plot a point at (1.5, 5).) Then use the purple points (diamond symbol) to plot the average-variable cost curve starting at 1 vat of juice, and use the green points (triangle symbol) to plot the average-total-cost curve also starting at 1 vat of juice. ? 40 35 Marginal Cost 30 25 Average Variable Cost A Average Total Cost 0 1 2 4 5 6 Quantity (Vats of juice) Which of the following statements are true according to the previous graph? Check all that apply. The marginal-cost curve lies below the average-variable-cost curve. The marginal-cost curve is above the average-total-cost curve when output is greater than four and average total cost is rising. The marginal-cost curve is below the average-total-cost curve when output is greater than four and average total cost is rising. Costs 15 10 5 0