Question: TOTAL TOTAL AVERAGE AVERAGE AVERAGE FIXED VARIABLE TOTAL FIXED VARIABLE TOTAL MARGINAL QUANTITY COST COST COST COST COST COST COST TC =IFC + AFC =

TOTAL TOTAL AVERAGE AVERAGE AVERAGE FIXED VARIABLE TOTAL FIXED VARIABLE TOTAL MARGINAL QUANTITY COST COST COST COST COST COST COST TC =IFC + AFC = IFC AIC = TVC ATC = TC MC = AIC IFC TVC TVC AQ 100 0 100 100 50 150 50 100 80 180 100 100 200 100 110 210 100 130 230 100 160 260 100 200 100 250 9 100 310 10 100 380 Plot these curves on the graphs provided on the next page. Plot TFC, TVC and TC on the top graph Plot AVC, ATC and MC on the bottom graph

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