b) When we consider cost analysis in the short run, at least one input is fixed while the others are variable. Based on

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B When We Consider Cost Analysis In The Short Run At Least One Input Is Fixed While The Others Are Variable Based On 1 (20.92 KiB) Viewed 35 times

b) When we consider cost analysis in the short run, at least one input is fixed while the others are variable. Based on the table below, plot all cost curves in a graph and explain the different behaviour of each in your own words. Input 0 1 2 3 4 5 6 7 00 8 9 10 11 FC 50 50 50 50 50 50 50 50 50 50 50 50 VC 0 50 80 100 115 125 150 175 205 240 300 380 TC 50 100 130 150 165 175 200 225 255 290 350 420 MC 50 30 20 15 10 25 25 30 35 60 80 AFC 50 25 16.67 12.50 10 8.33 7.14 6.25 5.56 5 4.55 AVC 50 40 33.33 28.75 25 25 25 25.62 26.66 30 34.54 ATC 100 65 50 41.25 35 33.33 32.14 31.87 32.22 35 39.09