A firm has fixed costs of $100 and variable costs of the following:

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 the AVC and ATC curves.

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

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Output Variable costs 1 2 3 4 5 6 7 8 9 $35 75 110 140 175 215 260 315 390