Question: 3. Using the data from Table 3, create a table with the marginal cost, average total cost, and average variable cost. Using this table, create


3. Using the data from Table 3, create a table with the marginal cost, average total cost, and average variable cost. Using this table, create two graphs: one with the total cost curve and one with the marginal and average total and average variable costs. Are these curves similar to the typical curves in the textbook (Figure 5-12)? Remember that cost curves relate costs to output, not input, so you need output or the change in output in the denominator of your calculations and the level of output on the horizontal axis
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