L: 0 1 2 3 4 5 6

Q: 0 3 9 18 24 27 28

At each of the possible (positive) output levels calculate average variable cost (AVC), average total cost (ATC), and marginal cost (MC). Show your full calculations for the output level q =24. In a new diagram, graph these values. [Hints: (i) If X additional units cost Y additional dollars, then the appropriate MC number is Y/X. (ii) MC numbers are traditionally plotted halfway between output levels since they apply to the move between these two levels (they are not a measurement at a level). In this case, because the gaps between output levels are uneven, this procedure would be complicated, so just graph MC at the "end" output level.]