Question: Construct the average fixed cost, average variable cost, and average total cost schedules. Construct the marginal cost schedule. Check that the gap between total cost

 Construct the average fixed cost, average variable cost, and average total

Construct the average fixed cost, average variable cost, and average total cost schedules. Construct the marginal cost schedule. Check that the gap between total cost and total variable cost is the same at all output levels. Explain why this relationship is so important and dernonsu'ate clear insightful and critical thinking

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