Question: Develop a table for cost output relationships Graph the following: 1. Total cost 2. Total cost function 3. Average cost functions 4. Average and Marginal

Develop a table for cost output relationships

Graph the following:

1. Total cost

2. Total cost function

3. Average cost functions

4. Average and Marginal cost function

5. Average cost function in the long run

6. Total and marginal revenue function

7. Marginal Revenue and Marginal Cost Curves

8. Maximum profit point

9. Shutdown price

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