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Given the Costs and Output Schedules: X(labor) TP(Output=Q) MP AP TVC TFC TC AVC AFC AC MC 0 0 150 6 200 2 16 250

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Given the Costs and Output Schedules: X(labor) TP(Output=Q) MP AP TVC TFC TC AVC AFC AC MC 0 0 150 6 200 2 16 250 29 300 44 350 55 400 60 450 7 62 500 1. Complete the table above. 2. Identify the boundaries of the stages of production by putting a bracket (D) on the left side of the table. 3. Graph the TC, TFC, and TVC curves. (manual or excel) 4. Graph the AFC, AVC, ATC, and MC curves. (manual or excel)

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