Question: Use the cost function for Mad Hatter Hat Company on page 11 (.e., TC = 1000 + 10X) and the graphs on page 12 to

Use the cost function for Mad Hatter Hat Company on page 11 (.e., TC = 1000 + 10X) and the graphs on page 12 to answer the following questions. 3. What is the marginal cost to make the 10%, 50th, and 100th units, respectively? What is the average variable cost to make 10, 50, and 100 units, respectively? Are the concepts marginal cost and average variable cost synonymous? Answer this question on the back of this page

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