You can think of the result in any one game as being Darnell's marginal free-throw percentage....

 

Transcribed Image Text:

You can think of the result in any one game as being Darnell's marginal free-throw percentage. Based on your previous answer, you can deduce that when Darnell's marginal free-throw percentage is below the average, the average must be You can now apply this analysis to production costs. For a U-shaped average total cost (ATC) curve, when the marginal cost curve is below the average total cost curve, the average total cost must be . Also, when the marginal cost curve is above the average total cost curve, the average total cost must be Therefore, the marginal cost curve intersects the average total cost curve Filit in the columns with Darmell's free-throw percentage for each game and his overal free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 4/5 4/5 80 80 2/5 6/10 1/4 7/14 4 1/2 8/16 4/4 12/20 On the following graph, use the orange points (square symbol) to piot Darneli's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Lne segmerts will connect the points automatically. 100 90 Game Free-Throw Percertage Average Free-Thvow Percantage 20 10 GAME FREE-THROW PERCENTAGE You can think of the result in any one game as being Darnell's marginal free-throw percentage. Based on your previous answer, you can deduce that when Darnell's marginal free-throw percentage is below the average, the average must be You can now apply this analysis to production costs. For a U-shaped average total cost (ATC) curve, when the marginal cost curve is below the average total cost curve, the average total cost must be . Also, when the marginal cost curve is above the average total cost curve, the average total cost must be Therefore, the marginal cost curve intersects the average total cost curve Filit in the columns with Darmell's free-throw percentage for each game and his overal free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 4/5 4/5 80 80 2/5 6/10 1/4 7/14 4 1/2 8/16 4/4 12/20 On the following graph, use the orange points (square symbol) to piot Darneli's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot his overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Lne segmerts will connect the points automatically. 100 90 Game Free-Throw Percertage Average Free-Thvow Percantage 20 10 GAME FREE-THROW PERCENTAGE