1.complete the table.'

2.plot ATC, AVC, and MC in one diagram.

3.At which level of output (except Q=1), does MC curve cross the AVC curve?

4.Approximately, at which level of output, does MC curve cross the ATC curve?

5.Does ATC lie above AVC in your diagram, that is, ATC >AVC at each output level? why or why not?

6.Eventually, as output increases, does ATC increase or decrease? By using one paragraph, briefly explain why.

Q TFC TVC TC AFC AVC ATC MC

0 30 NA. NA NA. NA

1 50

2 58

3 65

4 70

5 80

6 95

7 115

8 140

9 170