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3. The relationship between marginal and average costs The following scenario examines the relationship between marginal and average values. Suppose Nalah is a high school basketball player. The following table presents their game-by-game results for foul shots. Fill in the columns with Nalah's foul-shooting percentage for each game and their overall foul-shooting average after each game. Game Game Result Total Game Foul-Shooting Percentage Average Foul-Shooting Percentage 3/10 8/10 80 80 6/10 14/20 3 1/5 15/25 4 3/5 18/3 8/10 26/40 On the following graph, use the orange points (square symbol) to plot Nalah's foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Nalah's overall average foul-shooting percentage after each game. Q Search WOn the following graph, use the orange points (square symbol) to plot Nalah's foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Nalah's overall average foul-shooting percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 06 Game Foul-Shooting Percentage 80 Average Foul-Shooting Percentage FREE-THROW PERCENTAGE 8 8 GAME Q Search50 FREE-THROW PERCE 30 GAME You can think of the result in any one game as being Nalah's marginal shooting percentage. Based on your previous answer, you can deduce that when Nalah's marginal shooting percentage is below the average, the average must be You can now apply this analysis to production costs. For a U-shaped average total cost (ATC) curve, when the marginal cost curve is below the average total cost curve, the average total cost must be . Also, when the marginal cost curve is above the average total cost curve, the average total cost must be . Therefore, the marginal cost curve intersects the average total cost curve Grade It Now Save & Continue Continue without saving Q Search a mrbp W