Worksheet 55.4: Marginal Cost and ATC: Why Do Cost Curves Do That? Assign this video by Jacob Clifford titled "Micro 3.4 Marginal Cost and ATC--Why Do Cost Curves Do That?" found at https://www.youtube.com/watch?v=C3m9FC3T3vw. Answer these questions after watching the video. 1. Draw graphs that show the relationship between the MP and the MC. . dqsig wov mods anonresup port TowentA .A Salzoo she shev Ismomoroni ord woods a lot OM ath to squite ordi esob isw (a OM ardi reds ebs asrio pitasub east gniworde rodjoome roum svino OVA orb ai vlW (d SSVILIO tardi asob ylw bus s wo OVA ed bas sywo OTA shi noowted qug s doua story ai vilW ( Seassioni estinu as islisme fog qsg 2. Answer these questions about your graph: rob og leoo lenigism ed) 2sob vilW (b a) What economic concept causes the MP curve to up down and then go down? Squ og gord bris muminimus did fado isdigism ordrasob vilW.(9 TOVA bris OTA ord to muminim er toserolgi tabo lanigem ard asob vilW ( b) What economic concept causes the MC to go down and then go up? c) What does the dotted line in this graph represent? 3. Draw the graph that shows the MC, AVC and ATC?SendT off esviu | 120) of vilW : WA ban 180) Innigel :4.28 modehow 120) off ville.. 3\\ | bas 120) lonigunM P.E 019iM" bobi biofil? doout ud osbiv aid ugiezA .osbly sch guidotoo Tofle enoncoup seeds 4. Answer these questions about your graph. a) What does the shape of the MC tell us about the incremental variable costs? b) Why is the AVC curve much smoother showing less drastic changes than the MC curve? c) Why is there such a gap between the ATC curve and the AVC curve and why does that gap get smaller as unites increase? d) Why does the marginal cost go down when the average cost is first going down? S Sawob og used bas twob qu of evie IM edl 29265 Iqportos simonooo JadW (s e) Why does the marginal cost hit a minimum and then go up? f) Why does the marginal cost intersect the minimum of the ATC and AVC? "qu og norly bre nwob og of OM or 2ouss igsonoo simonoos redW (d Sinseenqui riquig eidl ni sail ballob or asob inifW (o SOTA bra OVA ,OM ord aworle lard dgang andt ward