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Jane's Juice Bar has the following cost schedules: In the following table, complace the marginal cost, average variable cost, and average total cost columns. Quantity
Jane's Juice Bar has the following cost schedules: In the following table, complace the marginal cost, average variable cost, and average total cost columns. Quantity Variable Cost Total Cost Marginal Cost Average Variable Cost Average Total Cost (Vats of juice) (Dollars) (Dollars) (Dollars) (Dollars (Dollars) 18 48 30 60 50 80 80 110 120 150 On the following graph, use the orange points (square symbol) to plot the marginal cost curve for Jane's Juice Bar. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasing production from I vat of juice to 2 vass of juice is $5, then you would plot a point at (1.5, 5).) Then use the purple points (diamond symbol) to plot the average-variable cost curve starting at I vat of juice, and use the green points (triangle symbol) to plec the average-coral-cost curve also starting at 1 vat of juice. Marginal Cost Average Variable Cost Posts Average Total Cost Quantity (vats of juice) Which of the following statements are true according to the previous graph? Check all chat apply. O The marginal-cost curve is below the average-total-cost curve when output is greater than four and average total cost is rising. The marginal-cost curve lies above the average-variable-cost curve. The marginal cost curve is below the average-total cost curve when output is less than four and average total cost is declining- Grade It Now Save & Continue Continue Without saving
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