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Consider the following scenario to understand the relationship between marginal and average values. Suppose Shen is a professional basketball player, and his game log for

Consider the following scenario to understand the relationship between marginal and average values. Suppose Shen is a professional basketball player, and his game log for free throws can be summarized in the following table.

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You can think of the result in any one game as being Shen's marginal free-throw percentage. Based on your previous answer, you can deduce that when Shen's marginal free-throw 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 curve, when the marginal cost curve is below the average total cost curve, the average total cost must be 'I' . Also, when the marginal cost curve is above the average total cost curve, the average total cost must be V . Therefore, the marginal cost curve intersecls the average total cost curve '7 . 100 90 Game Free-Throw Percentage 80 70 Average Free-Throw Percentage 60 50 FREE-THROW PERCENTAGE 40 30 20 10 5 2 3 4 0 GAMEFill in the columns with Shen's free-throw percentage for each game and his overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 4/5 4/5 80 80 2 2/5 6/10 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 Shen's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his 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

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