Problem
Types of costs curves, graphically. Suppose the marginal cost of producing any quantity of pop-up books is the same regardless of how many books are produced. There is some positive fixed cost associated with starting pop-up book production. You can assume this question is talking entirely about the short run.
(a) On the same graph, draw the marginal cost, average fixed cost, average variable cost, and average total cost curves consistent with this production function.
(b) On a separate graph, draw the total cost associated with this function.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.