4. Use the following total cost table for Joe’s Gourmet Hamburgers to calculate Joe’s ATC and MC. Then plot the TC curve on graph

(a) below, and plot the ATC and MC curves on graph (b).

Burgers TC ATC MC 0

1 2

3 4

5 6

7 8

9 10

$5.50 $ $

9.00 10.00 10.50 11.50 13.00 15.00 17.50 20.50 24.00 28.00

(a) Total Costs 30 25 20 15 Costs per Hamburger 10 5

0 1 2 3 4 5 6 7 8 9 10 Output (number of hamburgers)

(b) Unit Costs 10 Costs per Hamburger 4

6 8

2 0 1 2 3 4 5 6 7 8 9 10 Output (number of hamburgers)