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legibility is encouraged !! 3. The relationship between marginal and average costs The following scenario examines the relationship between marginal and average values. Suppose Helena

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3. The relationship between marginal and average costs The following scenario examines the relationship between marginal and average values. Suppose Helena is a high school basketball player. The following table presents their game-by-game results for foul shots. Fil in the columns with Helena's foul-shooting percentage for each game and their overall foul-shooting average after each game. On the foliowing graph, use the orange points (square symbol) to plot Helenas foul-shooting percentage for each game individualily, and use the preen? points (triangle symbol) to plot Helenar overall average foul shooting percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. points (tnangie symbol) to plot Helena's overall average foul-snooting percentage atter each game. Note: Plot your points in the order in which you would ilike them connected. Line segments will connect the points automatically. You can think of the result in any one game as being Helena's marginal shooting percentage. Based on your previous answer, you can deduce that when theiena's marginal shooting percentage is below the average, the average must be You can now apply this anaiysis to production costs. For a U-shaped average total cost (ATC) curve, when the marginal cost curve is below the average total cost curve, the average total cost must be Also, when the marginal cost curve is above the average total cost curve, the average total cost must be Therefore, the marginal cost curve intersects the average total cost curve. You can think of the result in any one game as being Helena's marginal shooting percentage. Based on your previous aniswer, you can deduce that When Helena's marginal shooting percentage is below the average, the average must be You can now apply this analysis to production costs. For a U-shaped average total cost ( . 1, when the marginal cost curve is below the average total cost curve, the averege total cost must be Aiso, when the marginal c total cost curve, the average total cost must be - Therefore, the marginal cost curve intersects the avera st curve You can think of the result in any one game as being Helena's marginal shooting percentage. Based on yo an deduce that When Helena's marginal shooting percentage is below the average, the average must be You can now apply this analysis to production costs. For a U.shaped average totai cost (ATC) curve, when total cost curve, the average total cost must be Aiso, when the marginal cost curve is above fve, the overage total cost must be. Therefore, the marginal cost curve intersects the average total cost curve The following scenario examines the relationship between marginal and average values. Suppose Helena is a high school basketball player. The following table presents their game-by-game results for foul shots. Fill in the columns with Helena's foul-shooting percentage for each game and their overall foul-shooting average after each game. On the following graph, use the orange points (square symbol) to plot Helena's foul-shooting percentage for each game individually, and use the green points (triangle symbol) to plot Helena's overall average foul-shooting percentage after each game. wata. Diot vour points in the order in which you would like them connected. Line segments will connect the points automatically. You can think of the result in any one game as being Helena's marginal shooting percentage. Based on your previous answer, you can deduce that when Helena's marginal shooting percentage is below the average, the average must be You can now apply this analysis to prodiuction costs. For a U-shaped average total cost (ATC) curve, when the marginal cost curve is below the average total cost curve, the average total cost must be Also, when the marginal cost curve is above the average total cost curve, the ayerage total cost must be Therefore, the marginal cost curve intersects the average total cost curve You can think of the result in any one game as being Helena's marginal shooting percentage, Based on your previous answer, you can deduce that When Helena's marginal shooting percentage is below the average, the average must be You can now apply this analyais to production costs. For a U-shaped average total cost (ATC) curve, when the marginal cost curve is below the aversge total cost curve, the average total cost must be Also, when the marginal cost curve is above the average total cost curve, the average. total cost must be Therefore, the marginal cost curve intersects the average total cost curve

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