Attempts Keep the Highest $/2$

$4.$ Various measures of cost

Marathon Live is a small shoe manufacturer in Miami specializing in running shoes. The following table presents the company's total cost of production at several different quantities.

Fill in the remaining cells of the following table.

On the following graph, plot Marathon Live's average total cost $($ATC$)$ curve using the green points $($triangle symbol$).$ Next, plot its average variable cost $($AVC$)$ curve using the purple points $($diamond symbol$).$ Finally, plot its marginal cost $($MC$)$ curve using the orange points $($square symbol$).($Hint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of shoes is $\backslash (\backslash$$ $200\backslash ),$ so you should start your ATC curve by placing a green point at $(1,200).$ For MC$,$ plot the points between the integers: For example, the MC of increasing production from zero to one pair of shoes is $\backslash (\backslash$$ $80\backslash ),$ so you should start your MC curve by placing an orange square at $\backslash ((0\mathrm{.}5,80)\backslash ).$

Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. On the following graph, plot Marathon Live's average total cost $($ATC$)$ curve using the green points $($triangle symbol$).$ Next, plot its average variable $\backslash (\backslash$operatorname$\{$cost$\}\backslash )($AVC$)$ curve using the purple points $($diamond symbol$).$ Finally, plot its marginal cost $($MC$)$ curve using the orange points $($square symbol$).($Hint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of shoes is $\backslash (\backslash$$ $200\backslash ),$ so you should start your ATC curve by placing a green point at $\backslash ((1,200)\backslash ).$ For MC$,$ plot the points between the integers: For example, the MC of increasing production from zero to one pair of shoes is $\backslash (\backslash$$ $80\backslash ),$ so you should start your MC curve by placing an orange square at $\backslash ((0\mathrm{.}5,80)\backslash ).)$

Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.