9. Firm’s Cost Schedule Jane's Juice Bar has the following cost schedules: In the following table, complete the marginal

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9. Firm’s Cost Schedule
Jane's Juice Bar has the following cost schedules:
In the following table, complete the marginal cost, average
variable cost, and average total cost columns.
Quantity
Variable Cost
Total Cost
Marginal Cost
Average Variable Cost
Average Total Cost
(Vats of juice)
(Dollars)
(Dollars)
(Dollars)
(Dollars)
(Dollars)
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.
Marginal CostAverage Variable CostAverage Total
Cost01234564035302520151050CostsQuantity (Vats of juice)
Which of the following statements are true according to the
previous graph? Check all that apply.
The marginal-cost curve is below the average-total-cost curve
when output is greater than four and average total cost is
rising.
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.