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9. Firm's Cost Schedule Tim's Juice Bar has the following cost schedules: In the following table, complete the marginal cost, average variable cost, and average

9. Firm's Cost Schedule

Tim's Juice Bar has the following cost schedules:

In the following table, complete the marginal cost, average variable cost, and average total cost columns.

QuantityVariable CostTotal CostMarginal CostAverage Variable CostAverage Total Cost
(Vats of juice)(Dollars)(Dollars)(Dollars)(Dollars)(Dollars)
0030
11040
22555
34575
470100
5100130
6135165

On the following graph, use the orange points (square symbol) to plot the marginal-cost curve for Tim's Juice Bar. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasing production from 1 vat of juice to 2 vats of juice is $5, then you would plot a point at (1.5, 5).) Then use the purple points (diamond symbol) to plot the average-variable cost curve starting at 1 vat of juice, and use the green points (triangle symbol) to plot the average-total-cost curve also starting at 1 vat of juice.

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