Question: Construct the cost schedule (using the graphing sheet below) for a firm operating in the short run. Graph the average variable cost, average total cost,

Construct the cost schedule (using the graphing sheet below) for a firm operating in the short run.

Graph the average variable cost, average total cost, and marginal cost.

TP or Q

TFC

TVC

AFC

AVC

ATC

$ 50

$ 0

$50

$ --

$ -- $ --

} $_20__

_____

$70

_____

}

_____

$85

_____

}

_____

$95

_____

}

_____

$100

_____

}

_____

$110

_____

}

_____

$130

_____

}

_____

$165

_____

}

_____

$215

_____

}

_____

$275

_____

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