Douglas Fur Is A Small Manufacturer Of Fake Fur Boots In Dallas The Following Table Shows The Company S Total Cost Of P 1 (35.41 KiB) Viewed 26 times
Douglas Fur Is A Small Manufacturer Of Fake Fur Boots In Dallas The Following Table Shows The Company S Total Cost Of P 2 (21.46 KiB) Viewed 26 times
Douglas Fur is a small manufacturer of fake-fur boots in Dallas. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the table. Total Product Total Cost Marginal Cost (Pairs) (Dollars) (Dollars) 0 1 2 3 4 5 6 60 160 220 270 340 450 630 AAAAAA Total Fixed Cost Total Variable Cost Average Variable Cost (Dollars) (Dollars) (Dollars per pair) Average Total Cost (Dollars per pair) On the following graph, plot Douglas Fur's average total cost curve (ATC) using the green points (triangle symbol). Next, plot its average variable cost curve (AVC) using the purple points (diamond symbol). Finally, plot its marginal cost curve (MC) using the orange points (square symbol). (Hint: For ATC and AVC, plot the points on the integer: For example, the average total cost of producing one pair of boots is $160, so you should start your average total cost curve by placing a green point at (1, 160). For marginal cost, plot the points between the integers: For example, the marginal cost of increasing production from zero to one pair of boots is $100, so you should start your marginal cost curve by placing an orange square at (0.5, 100).)
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. ? COST PER UNIT (Dollars per pair) 200 175 150 125 100 75 50 25 0 0 QUANTITY OF OUTPUT (Pairs of boots) ATC AVC -0- MC
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