Question

9. Problems and Applications Q9 Jane's Juice Bar has the following cost schedules: In the following table, complete the marginal cost, average variable cost, and average total cost columns Quantity Variable Cost Total Cost Marginal Cost Average Variable Cost Average Total Cost (Vats of juice) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) 0 o 30 1 8 38 2 48 3 18 30 50 60 4 BO 5 80 110 6 120 150 On the following graph, use the orange points (square symbol) to plot the marginal-cost curve for Jane's Juice Bar. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasing production from 1 vat of juice to 2 vats of juice is $5, then you would plot a point at (1.5, 5)) Then use the purple points (diamond symbol) to plot the average-variable cost curve starting at i vat of juice, and use the green points (triangle symbol) to plot the average total cost curve also starting at i vat of juice

Answer 1

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VC TC MC Ave [vc/o ATC (T/o] - । 8 ४ O ४ 38 2 18 10 24 3 30 30 38 ५४ 60 80 10 15 12 20 प २० so Bo | O 205 16 2 30 ५० 6 । 20 २० २२ 25

Yo- ME 36 32 ATO 29 AVC 20 To 12 gut 4 2 3 s output

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