10. Janes Juice Bar has the following cost schedules: Quantity Variable Cost Total Cost 0 vats of...

Question:

10. Jane’s Juice Bar has the following cost schedules:

Quantity Variable Cost Total Cost 0 vats of juice $ 0 $ 30 1 10 40 2 25 55 3 45 75 4 70 100 5 100 130 6 135 165

a. Calculate average variable cost, average total cost, and marginal cost for each quantity.

b. Graph all three curves. What is the relationship between the marginal-cost curve and the average-total-cost curve? Between the marginal-cost curve and the averagevariable-cost curve? Explain

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