Question

Given the following information about a firm’s costs, complete the following chart. On one graph, show...

  1. Given the following information about a firm’s costs, complete the following chart. On one graph, show the TC, TFC and TVC.  On a separate graph, show the AFC, AVC, ATC, and MC.  You may use graph paper for this question.

Q

TC

TFC

TVC

ATC

AFC

AVC

MC

0

--

50

10.00

100

9.00

150

8.00

200

12.00

7.00

250

6.00

300

7.00

350

8.00

400

9.00
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