Question

Saramond BI U 12 AA Aa A EVEEV albe x x Ave A v 3 21 vv Ayu Styles Styles Pane 13a) Draw a figure showing the typical shape of the average fixed cost (AFC) curve (2 points) and explain why it takes this shape (2 points) 13b) Draw a figure showing a typical average total cost (ATC) curve (2 points) and explain why it takes this shape (4 points) Reference: Ref 11-25 Table: Costs of Birthday Cakes Table: Costs of Birthday Cakes Quantity of cakes Variable cost, VC

sorry i meant to post number 14 but if you could do 13 that would be nice too :D thank you

Answer 1

Cast 13) a) AFC Output AFC Since Totalfx ed cost is constamt it falls as output uises 9t takes shape o hyperbala g ectangular Cast b) ATC Output

FC VC AUC AFC ATL TC Aonty lo o 10 Io 95 9s 95 3S 10 12.S Stl 13.3 l0 30 3.3 40 9.5 38 2.S 48 12 10 12 10 60 lo 67 t0 80 13.3 1-67 6 AUC auandiny AFC FC Quantity Tl UC+F TC ATC- Qoadiry e) The minimum ATC occurs when 4 calkes are produced nf the piennial Global Brand Survey 2017 (ipsos) India