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Pla ans quickly The daily short-run costs of Pete's hamburger joint are shown in the table below. a. Fill in the table, writing out dollars

Pla ans quickly

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The daily short-run costs of Pete's hamburger joint are shown in the table below. a. Fill in the table, writing out dollars and cents e.g. $1.00 or $0.10. Note: Round 0.005 up to 0.01. N (3) Labour Total Product Marginal Product Variable (7) (workers per Average Fixed (burgers per Average (10) ( burgers pen Fixed Costs Costs Total Cost Marginal Cost Cost day ) Variable Cost Average Cost day ) day) ($) ($ ) $) 400 100 200 412 400 LU 570 600 666 800 692 1, 000 b. Draw a graph showing the marginal cost, average fixed cost, average variable cost, and average cost curves. Using the tools provided plot 5 points for the marginal cost curve, 5 points for the average fixed cost curve, 5 points for the average variable curve and 5 points for the average cost curves for a total of 20 points. To manually plot values first click on the line segment between two points plotted in the graphing area then click on the icon of a widget to bring up the manual data entry box. Remember that marginal values such as marginal cost are plotted halfway between the two relevant quantity levels on the horizontal

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