In the following table, complete the marginal cost, average variable cost, and average total cost columns. Quantity Variable Cost Total Cost Marginal Cost Average Variable Cost Average Total Cost (Vats of juice) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) 0 0 30 1 8 38 2 18 48 3 30 60 4 50 80 5 80 110 6 120 150 On the following graph, use the orange points (square symbol) to plot the marginal-cost curve for Jane's Juice Bar. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasing production from 1 vat of juice to 2 vats of juice is $5, then you would plot a point at (1.5, 5).) Then use the purple points (diamond symbol) to plot the average-variable cost curve starting at 1 vat of juice, and use the green points (triangle symbol) to plot the average-total-cost curve also starting at 1 vat of juice.

Respuesta :

The marginal cost of production is the change in total production cost which comes from making one additional unit.

What is the average variable cost?

The average variable cost is the total variable cost per unit of output. It is found by dividing the total variable cost (TVC) by the output.

The average total cost is found by dividing the total cost (TC) by the output.

The average variable cost is determined by dividing the total variable cost by the quantity produced. In this case, subtract the average variable cost from the average total cost: This will give the average fixed cost per unit.

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