Question: Question 5 a. Using the table, construct the cost schedule for a firm operating in the short run. b. Graph the average variable cost, average

Question 5 a. Using the table, construct the cost schedule for a firm operating in the short run. b. Graph the average variable cost, average total cost and marginal cost curves. Table 4 - Total, Marginal and Average Costs Total Total Total Total Marginal | Average Average Average product fixed variable cost (TC) cost fixed variable total (Q) cost cost (MC) cost cost cost (TFC) (TVC) (AFC) (AVC) (ATC) 0 $50 $0 $50 1 70 2 85 3 95 4 100 5 110 6 130 7 165 8 215 9 275

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2. Ask questions, listen rather than attempt to persuade.

9. How much of the information collected will be used in decision-making?

1. Background knowledge of the subject and