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4. Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in New York City. The following table shows the company's total

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4. Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in New York City. The following table shows the company's total cost of production at various production quantities Fill in the remaining onds of the following table Quantity Total Cost Marginal Cost Fixed Cost (Pairs) (Dollars) (Dollars) (Dollars) 0 60 Variable Cost (Dollars) Average Variable Cost (Dollars per poi Average Total Cost (Dollars per pair 1 2 160 220 270 340 3 4 5 450 630 On the following graph, plot Douglas Rur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost CAVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC and AVC plot the points on the integer, for example, the ATC of producing one pair of boots is $160, so you should start your ATC curve by placing a green point at(1, 160). For MC, plot the points between the integers: For example, the MC of increasing production from zero to one pair of boots is $100, so you should start your MC 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. 200 A 170 ATC 150 8 AVC COSTS (Dallas peran 100 O 75 MC 200 175 ATC 150 125+ AVC COSTS (Dollars per pair) 100+ 75 MC 50 25 0 5 6 6 2 3 QUANTITY (Pairs of boots)

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