Question: help with question 3 thank you 1. (40 points) Jane's Juice Bar has the following cost schedules- a. (20 points) Calculate average varibble cost, average
1. (40 points) Jane's Juice Bar has the following cost schedules- a. (20 points) Calculate average varibble cost, average total cost, and marginal cost for each quantity b. 20 points) Graph all three curves. What is the relationship between the manginal-cost curve and the average-total-cost curve? Between the manginal-cost curve and the average-variablecost curve? Explain. 2. (30 points) Draw an example of the Total Fowed Cos, Total Variable Cost, and Total Cost of a company whose marginal cost is constant for all Q-0. (Please have the quantity (Q) on the horizontal axis and S on the vertical axis as we had in class. You do not necd to provide the functional form or numbers, just the graphs with the appropriate shape.). Provide a reasoning (one sentence) whether each of the following products would have such a cost structure? Bottled water E-book Hotel room Car Spa services Crade Oil A nate taking app Hotise plant A slice of pizza at a restaurant 3. (30 points) Draw an example of the Total Fiwed Coc, Total Variable Cost, and Total Cost of a company whose marginal cost is increasing (lincarly or non-linearly) for all Q - 0 . (Illease have the quantity (Q) on the horizontal axis and 5 on the vertical axis as we had in class. You do not recd to provide the functional form or numbers, just the graphs with the appropeiate shape.) Which of the fotlowing products is(are) most tikely to have such a cost structure? Sarke products as in question 2. 1. (40 points) Jane's Juice Bar has the following cost schedules- a. (20 points) Calculate average varibble cost, average total cost, and marginal cost for each quantity b. 20 points) Graph all three curves. What is the relationship between the manginal-cost curve and the average-total-cost curve? Between the manginal-cost curve and the average-variablecost curve? Explain. 2. (30 points) Draw an example of the Total Fowed Cos, Total Variable Cost, and Total Cost of a company whose marginal cost is constant for all Q-0. (Please have the quantity (Q) on the horizontal axis and S on the vertical axis as we had in class. You do not necd to provide the functional form or numbers, just the graphs with the appropriate shape.). Provide a reasoning (one sentence) whether each of the following products would have such a cost structure? Bottled water E-book Hotel room Car Spa services Crade Oil A nate taking app Hotise plant A slice of pizza at a restaurant 3. (30 points) Draw an example of the Total Fiwed Coc, Total Variable Cost, and Total Cost of a company whose marginal cost is increasing (lincarly or non-linearly) for all Q - 0 . (Illease have the quantity (Q) on the horizontal axis and 5 on the vertical axis as we had in class. You do not recd to provide the functional form or numbers, just the graphs with the appropeiate shape.) Which of the fotlowing products is(are) most tikely to have such a cost structure? Sarke products as in question 2
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