Explain marginal-cost curve and average total cost curve, Microeconomics

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Explain marginal-cost curve and average total cost curve

Healthy Ozenzo's Juice Bar has the following cost schedules:

Q (VATS) VARIABLE COST TOTAL COST
0 0 30
1 10 40
2 25 55
3 45 75
4 70 100
5 100 130
6 135 165

a. Find the fixed cost?

b. Calculate average variable cost, average total cost, and marginal cost for each quantity

c. Graph all three curves. What is the relationship between the marginal-cost curve and the average total cost curve? Between the marginal-cost curve and the average-variable-cost curve? Explain.

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Microeconomics: Explain marginal-cost curve and average total cost curve

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Microeconomics: Explain marginal-cost curve and average total cost curve

Reference No:- TGS047952

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Beginning-ending merchandise inventories problem

Q : Explain how supply has increased more rapidly than demand

Q : Average collection period of the receivables

Q : Calculate average fixed cost and average variable cost

Q : Explain marginal-cost curve and average total cost curve

Q : Accounts receivable balances at the beginning

Q : How activities affects government-households and businesses

Q : Inventory turnover for the year

Q : Average number of days in inventory

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Microeconomics: Explain marginal-cost curve and average total cost curve

Reference No:- TGS047952

Recent Questions Asked Microeconomics

Q : Beginning-ending merchandise inventories problem

Q : Explain how supply has increased more rapidly than demand

Q : Average collection period of the receivables

Q : Calculate average fixed cost and average variable cost

Q : Explain marginal-cost curve and average total cost curve

Q : Accounts receivable balances at the beginning

Q : How activities affects government-households and businesses

Q : Inventory turnover for the year

Q : Average number of days in inventory

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