Question: A bakery has the following cost schedule Q Variable Cost Total cost 0 0 30 1 10 40 2 25 55 3 45 75 4

A bakery has the following cost schedule

Q Variable Cost Total cost

0 0 30

1 10 40

2 25 55

3 45 75

4 70 100

5 100 130

6 135 165

a)Calculate the average variable cost, average total cost, and marginal cost for each quantity.

b)Graph all 3 curves.Describe the relationship of the curves.

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