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Save & Exit Submit The daily short-run costs of Pete's hamburger Joint are shown in the table below. W a. Fill in the table, writing

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Save & Exit Submit The daily short-run costs of Pete's hamburger Joint are shown in the table below. W a. Fill in the table, writing out dollars and cents e.g. $1.00 or $0.10. Note: Round 0.005 up to 0.01. (1) (2) (3) Total Product Marginal (4) (5) Labour Variable (6) (7) (8) (9) (10) Total Cost Marginal Cost Average Fixed Average 00:40:25 (workers per (burgers per Product Fixed Costs Variable Cost Average Cost day) day) (burgers per ($) Costs ($) ($) Cost day ) ($) ($) ($) ($) 0 0 408 400 400 1 80 120 210 120 2 392 420 3 570 630 4 670 840 5 694 1, 050 b. Draw a graph showing the marginal cost, average fixed cost, average variable cost, and average cost curves. Using the tools provided plot S 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 axis Short Run Costs Pete's Burger Joint Tools

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