Question: Read Chapter 13 and ll in the grid below. Also add a column to the grid to the right of Average Total Costs- entitled Marginal

Read Chapter 13 and ll in the grid below. Also add a column to the grid to the "right" of Average Total Costs- entitled "Marginal Costs" and solve for Marginal Costs ....then...explalh the "behavior" otthe costs. By that I mean why do costs decline then at some point begin to accelerate? You maywish to read next week's lesson notes; for some reason. they haven't been posted here. But it you read the chapteryou should be able to explain the cost behavior. I want you to explain the behavior ofALL COSTS identied in the matrix. J'N EXPLAlNlNG THE COSTS lNPUlTED BELOW, DESCRIBE "HOW" THEY PERTAIN TO YOUR BUSINESS IDEA YOU'VE BEEN DlSCUSSlNG lN PREWOUS HOMEWORKJDB ASSIGNMENTS. lN OTHER WORDS. \"TlErlN\" THE NUMBERS TO YOUR COMPANY. Module 7 Homework Table Output Fixed CostsVariable Costs Total Costs Average Fixed Costs Average Variable Costs Average Total Costs 0 100 l 125 2 145 3 157 4 177 5 202 6 236 7 270

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