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it's an assignment Microeconomics Assignment-5 Online Question-1: Juice Bar has the following cost schedules; Quantity Variable Total Cost Cost 1 10 4-D 25 55 2

it's an assignment

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Microeconomics Assignment-5 Online Question-1: Juice Bar has the following cost schedules; Quantity Variable Total Cost Cost 1 10 4-D 25 55 2 3 45 I'D 4 Ti'i] 5 a. Calculate average variable cost. average total cost. and marginal cost for each quantity. b. Graph all three curves. What is the relationship between the marginal-cost curve and the average-totalcost curve? Between the marginalcost curve and the averagevariable cost curve? Explain. Question-2: Consider the following cost information for a pizzeria; Variable lCost 50 90 120 150 190 24D Fixed cost for pizzeria is 300 and it remains same for each quantity of production. _ V a. What is the pizzeria's fixed cost? b1 Construct a table in which you calculate the marginal cost per dozen pizzas using the information on total cost. N50, calculate the marginal cost per dozen pizzas using the information on variable cost. What is the relationship between these sets of numbers? Explain

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