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Draw the marginal cost curve (MC) and the average total cost (ATC) curve for a Type 1 mine. Your curves should be as neat as

Draw the marginal cost curve (MC) and the average total cost (ATC) curve for a Type 1 mine. Your curves should be as neat as possible, but they do not have to be absolutely, perfectly precise. You should, however, clearly label each curve.

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Mine Number Direct Energy Shipping Labor Overhead Capacity of active Materials ($ per ($ per ($ per ton, ($ per ton, of a mine or near- ($ per ton) ton) assuming assuming (tons per active ton) full full month) mines capacity capacity output)* output)* Type 1 50 250 300 50 450 100 60,000 Type 2 40 150 200 100 150 100 100,000

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