Question
Construct the cost schedule (using the graphing sheet below) for a firm operating in the short run. Graph the average variable cost, average total cost,
Construct the cost schedule (using the graphing sheet below) for a firm operating in the short run.
Graph the average variable cost, average total cost, and marginal cost.
TP or Q
TFC
TVC
TC
MC
AFC
AVC
ATC
0
$ 50
$ 0
$50
$ --
$ -- $ --
} $_20__
1
_____
_____
$70
_____
_____
_____
}
_____
2
_____
_____
$85
_____
_____
_____
}
_____
3
_____
_____
$95
_____
_____
_____
}
_____
4
_____
_____
$100
_____
_____
_____
}
_____
5
_____
_____
$110
_____
_____
_____
}
_____
6
_____
_____
$130
_____
_____
_____
}
_____
7
_____
_____
$165
_____
_____
_____
}
_____
8
_____
_____
$215
_____
_____
_____
}
_____
9
_____
_____
$275
_____
_____
_____
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Economics
Authors: David Colander
7th Edition
0073402869, 9780073402864
