Question: Please help Apply the Skill The following table shows the bakery's output, fixed and variable costs, marginal cost, average total cost, and average variable cost.

 Please help Apply the Skill The following table shows the bakery's

Please help

output, fixed and variable costs, marginal cost, average total cost, and average

Apply the Skill The following table shows the bakery's output, fixed and variable costs, marginal cost, average total cost, and average variable cost. (All costs listed are in dollars.) Use the data to plot the last three columns on a graph, labeling each line and circling the optimal point of production. Output Fixed Variable Total Marginal Average Average Costs Costs Cost Cost Total Variable Cost Cost 16 160 80 240 5.00 15.00 5.00 40 160 160 320 3.30 8.00 4.00 60 160 240 400 4.00 6.60 4.00 72 160 320 480 6.60 6.60 4.40 80 160 400 560 10.00 7.00 5.00 84 160 480 640 20.00 7.60 5.70

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