quantity of broomsticks fixed cost variable cost total cost average fixed cost average variable cost average...

quantity of broomsticks	fixed cost	variable cost	total cost	average fixed cost	average variable cost	average total cost	marginal cost	marginal product
0
10		$13	$38
22		$28
32			$70
41		$64
50			$110
59		$108
65		$133
70			$185

how do I fill in the blanks?

as well as graph the three average cost curves and the marginal cost curve.

Expert Solution

Q	FC	VC(TC-FC)	TC(FC+VC)	AFC(FC/Q)	AVC(VC/Q)	ATC(TC/Q)	MC(Change in TC/change in Q)	MP(Change in TP)
0	25		25
10	25	13	38	2.5	1.3	3.8	1.3	10
22	25	28	53	1.136364	1.272727	2.409091	1.25	12
32	25	45	70	0.78125	1.40625	2.1875	1.7	10
41	25	64	89	0.609756	1.560976	2.170732	2.111111	9
50	25	85	110	0.5	1.7	2.2	2.333333	9
59	25	108	133	0.423729	1.830508	2.254237	2.555556	9
65	25	133	158	0.384615	2.046154	2.430769	4.166667	6
70	25	160	185	0.357143	2.285714	2.642857	5.4	5

Rahul Sunny answered 2 years ago

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