Question: Please draw the graph also with answer 14th Assignment Use the graph from class to find 1. Marginal Cost at 100; 2. Total Cost at

Please draw the graph also with answer

14th Assignment Use the graph from class to find 1. Marginal Cost at 100; 2. Total Cost at 100; 3. Variable Cost at 100; 4. Fixed Cost at 100. Construct your own graphs similar to the ones from class. Use your diagram to show 5. Whether or not reducing the quantity produced will always reduce the total cost. 6. Whether or not reducing the quantity produced will always reduce the average total cost. 7. Whether or not reducing the quantity produced will always reduce the marginal cost. Marginal Cost* MC ATC 30 AVC mc 10Q 2 Average Total Cost Average Total Cost 35 = ATLT 5 & Marginal Cost TC 15 irate F = 3 MC ATC ATC 5 ate atemes MC 2 5 7

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