Y6

1 (3) Cost Curves Graph Average Variable Cost, Average Fixed Cost, Average Total Cost, and Marginal Cost curves for the cost function C(y) = 2312 + 18. You may use the graphing space provided at the top of the next page to graph these curves, if you wish. To help you graph these curves accurately, I recommend that you write the formula for each one and then calculate their values for the suggested values of output 1' , as laid out in the table next to the graphing space. Remember to label each cost curve: AVG/AFC/ATC/MC. (8 points} In your graph, draw a star on you Average Total Cost curve at the minimum average total cost. [2 points)