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TC TFC TVC AVC ATC MC 50 50 0 75 50 25 25.00 75.00 25 96 50 46 23.00 48.00 21 110 50 60 20.00
TC TFC TVC AVC ATC MC 50 50 0 75 50 25 25.00 75.00 25 96 50 46 23.00 48.00 21 110 50 60 20.00 36.67 14 119 50 69 17.25 29.75 9 136 50 86 17.20 27.20 17 163 50 113 18.83 27.17 27 191 50 141 20.14 27.29 28 226 50 176 22.00 28.25 35 Cost per unit ($) 9 268 50 218 24.22 29.78 42 10 317 50 267 26.70 31.70 49 . . . Using the graph on the right, draw ATC, AVC, and MC. Your curves do not need to fit the data in the table precisely-a general representation is all that is necessary. 1.) Using the 3-point curved line drawing tool, draw the o 1 2 3 4 5 6 7 8 9 10 11 12 average variable cost curve. Label your curve 'AVC'. Units of output 2.) Using the 3-point curved line drawing tool, draw the average total cost curve. Label your curve 'ATC'. 3.) Using the 3-point curved line drawing tool, draw the marginal cost curve. Label your curve "MC' Note: Carefully follow the instructions above and only draw the required objects
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