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The dally 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.

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The dally 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: Aound 0005 up to 00t b. Draw a graph showing the marginal cost, average fixed cost, average varlable cost, and average cost curves. Using the tools provided plot 5 points for the marginal cost curve, 5 points for the average fised cost curve, 5 points for the average variable curve and 5 points for the average cost curves for a fotal of 20 polits. To mansialy plot values first click on the ine segment between two points plotted in the graphing area then click on the icon of a widpet to bring up the manusi data entry box. Remember that marginal values such as marginal cost are ploted halifway between the two relevant quantity levels on the horlzontal c. Describe the shape of the average fixed cost curve. How does its shape differ from that of the average variable cost and average cost curves? The averace fixed cost curve is. that becomes fiater at hicher quantity levels. This differs from the shape of the and curves, both of which are d. At what quantity, referring to the quantities in column (2) in the table above, do average variable cost and marginal cost have the same value? At whot quantity, referring to the quantices in column (2) in the table above, do average cost ond marginal cost have the same value? Marginal cost and average variable cost pass through the same set or volues at a quantity of (choose from the quantities listed in the totat product column above). Morginal cost and average cost pass through the same set or values at a cuantity of (choose from the quantities listed in the total product colurnn above)

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