1. A firm has fixed costs of $100 and variable costs of the following:

a.Show AFC, ATC, AVC, and MC in a table.

b.Graph the AFC, ATC, AVC, and MC curves.

c.Say fixed costs dropped to $50.Which curves shifted? Why?

A firm has fixed costs of $100 and variable costs of the following: Output FC VC TC MC AFC AVC ATC 0 100 0 100 1 100 35 135 35 100.00 35.00 135.00 2 75 3 110 4 140 5 175 6 215 7 260 8 315 9 390