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1. The table below shows cost information for a company. A. Fill in the missing columns using the information in the table B. Find and

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1. The table below shows cost information for a company. A. Fill in the missing columns using the information in the table B. Find and the breakeven price (ATC) and the shutdown price (AVC) and circle them C. Graph and label the ATC, AVC, and MC curves on the graph and label the breakeven point and shutdown point. Also label your axes. TC = FC + VC AVC = VC/Q ATC = TC /Q MC = ATCMAQ Variable Quantity Fixed Cost Cost Total Cost AVC ATC Marginal Cost 20 2 20 12 4 20 18 20 22 20 28 10 20 40 12 20 62 14 20 98 16 20 152 18 20 22 B 20 20 330

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