Question: 6.2 7 Units 6 8 5 4 2 32 0 1 missing values. Consider the following table which shows the cost structure of a

6.2 7 Units 6 8 5 4 2 32 0 1 missing

6.2 7 Units 6 8 5 4 2 32 0 1 missing values. Consider the following table which shows the cost structure of a firm. Fill in the Total Fixed Cost (TFC) Total Variable Cost (TVC) 10 24 76 Total Cost (TC) 20 66 114 Average Total Cost (ATC) 13.5 Average Variable Cost (AVC) Marginal Cost (MC) 6 14 (21) Use the set of axes below to complete the ATC, AVC and MC curves on the same set of axes. Ensure that you plot the MC values halfway between the whole values. For example, you would plot the MC value for the first unit halfway (4) between 0 and 1.

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