=+c. Explain why the cost of corn is a variable cost but not a fixed cost for
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=+c. Explain why the cost of corn is a variable cost but not a fixed cost for an ethanol producer.
d. When the cost of corn goes up, what happens to the average total cost curve of an ethanol producer? What happens to its marginal cost curve? Illustrate your answer with a diagram. 2. Marty’s Frozen Yogurt is a small shop that sells cups of frozen yogurt in a university town. Marty owns three frozen-yogurt machines. His other inputs are refrigerators, frozen-yogurt mix, cups, sprinkle toppings, and, of course,
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