Question: Consider a firm with the following short-run costs: Quantity Variable Cost Total Cost 1 30 90 2 50 110 3 90 150 4 140 200

Consider a firm with the following short-run costs:

Quantity Variable Cost Total Cost

1 30 90

2 50 110

3 90 150

4 140 200

5 200 260

Draw the three cost ? explain the relation between MC CURVE AND ATC CURVE?

ALSO THE RELATIONSHIP BETWEEN AVC CURVE AND ATC CURVE?

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