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It's an assignment Microeconomics Assignment-5 Online Questlon-1: Juice Bar has the following cost schedules; Quantity 1|.i'an'able Total Cost Cost _-- a. Calculate average variable cost.

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It's an assignment

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Microeconomics Assignment-5 Online Questlon-1: Juice Bar has the following cost schedules; Quantity 1|.i'an'able Total Cost Cost _-- 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 averagetotalcost curve? Between the marginalcost curve and the averagevariabie cost curve? Explain. Question-2: Consider the following cost information for a pizzeria; Quantity Variable E E' s. Fixed cost for pizzeria is 300 and it remains same for each quantity:' of production. _ l a. what is the pizzeria's fixed cost? b. Construct a table in which you calculate the marginal cost per dozen pizzas using the information on total cost. Also, calculate the marginal cost per dozen pizzas using the information on variabte cost. What is the relationship between these sets of numbers? Explain

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