CENGAGE |MINDTAP Homework(Ch 13) 3. The relationship between marginal and average costs Consider the following scenario to understand the relationship between marginal and average values. Suppose Alyssa is a professional basketball player, and her game log for free throws can be summarized in the following table. Fill in the columns with Alyssa's free-throw percentage for each game and her overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 1 4/5 4/5 80 80 2 2/5 6/10 3 1/4 7/14 4 1/2 8/16 5 4/4 12/20 On the following graph, use the orange points (square symbol) to plot Alyssa's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot her overall average free-throw 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.Mi Gmail YouTube Maps G News Translate Capstone Project: (... CENGAGE |MINDTAP Homework(Ch 13) Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 80 Game Free-Throw Percentage 70 A 60 Average Free-Throw Percentage g FREE-THROW PERCENTAGE 40 30 20 10 GAME You can think of the result in any one game as being Alyssa's marginal free-throw percentage. Based on your previous answer, you can deduce that when Alyssa's marginal free-throw percentage is below the average, the average must beif: CENGAGE l MINDTAP Homework(Ch 13) 80 4 Game Free-Throw Percentage 70 T \"A" 50 Average Free-Throw Percentage m i w w FREETHROW PERCENTAGE N v w + GAME You can think of the result in any one game as being Alyssa's marginal free-throw percentage. Based on your preVious answer, you can deduce that when Alyssa's marginal freethrow percentage is below the average, the average must be V 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 V . Also, when the marginal cost curve is above the average total cost curve, the average total cost must be '7 . Therefore, the marginal cost curve intersects the average total cost curve V Grade It Now Save & Continue Continue without saving