Question: can someone explain it better, maybe graphically 4) (3 points) For a firm in a perfectly competitive market Marginal Cost is MC =5+0.50. Total Cost

can someone explain it better, maybe graphically

4) (3 points) For a firm in a perfectly competitive market Marginal Cost is MC =5+0.50. Total Cost at an quantity of 0 is $100. Based on this information at a quantity of 8 Average Total Cost is. A $9 B $17 C $18 D $19.5 E $21.5 Solution D VC is the area under the MC curve- 5+8+0.54+856. Fixed cost-100. ATC=(100+56)/8 -19.5

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