Charlie’s Chocolates' total product schedule is in the table.

a. Calculate total cost, total variable cost, and total fixed costs for each level of output and draw the short-run total cost curves.

b. Calculate the average total cost, average fixed cost, average variable cost, and marginal cost at each level of output and draw the short-run average and marginal cost curves.

 

Labor (workers per day) 1 23 4 5 6 7 8 9 10 Output (boxes per day) 12 24 48 84 121 192 240 276 300 312