(Solution) If the fixed cost to produce a product is $65, and the variable cost of the first ten units of this product progresses like this: 20, 38, 52, 62,...

9. If the fixed cost to produce a product is $65, and the variable cost of the first ten units of this  product progresses like this:20, 38, 52, 62, 76, 90, 110, 134, 164, 200a. Construct a table in which you show:                   - Total cost (TC)                  - Average cost (AC)                  - Average fixed cost (AFC)                  - Average variable cost (AVC)                  - Marginal cost (MC).b. In two-panel figure, graph all the six curves, where TC, VC, FC are on the upper panel, and  AC, AFC, AVC, and MC are on the lower panel.c. Accurately mark the following on the graph:                  -The inflection point                  -FC and AFC as vertical distances                  - AVC slope and AC slope

 

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