Cost curves (dollars) $200 150 100 50 0 1 2 3 4 At seven units of...

 

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Cost curves (dollars) $200 150 100 50 0 1 2 3 4 At seven units of output, average fixed cost is approximately approximately O $40; $100 $100, $100 5 6 7 8 9 10 11 Quantity of output (per day) O $140: $140 O$10: $135 and average variable cost is Cost curves (dollars) $200 150 100 50 0 1 2 3 4 At seven units of output, average fixed cost is approximately approximately O $40; $100 $100, $100 5 6 7 8 9 10 11 Quantity of output (per day) O $140: $140 O$10: $135 and average variable cost is

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