Explain relationship between the mc curve and avc curves

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Reference no: EM13245037

Output 1 2 3 4 5 6 7 8 9

Variable

Costs $35 75 110 140 175 215 260 315 390

a. Show AFC, ATC, AVC, and MC in a table

b. Graph the AFC , ATC, AVC, and MC curves

c. Explain the relationship between the MC curve and AVC and ATC curves.

d. Say fixed costs dropped to $50. Which curves shifted? Why?

Reference no: EM13245037

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