Problem
Using the information in Problems 1 and 2, draw the total cost curve for the Tom, Dick, and Hairy Barbershop on one graph. On a second graph, draw the marginal cost curve, the average cost curve, and the average variable cost curve. Do these curves have the shape you would expect? Do the minimum and average cost curves intersect at the point you expect?
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.