For each quantity, calculate average variable cost, average total cost, and marginal cost.

Variable Total

Quantity Cost Cost

0 cups Rs.0 Rs.29

1 9 39

2 24 54

3 44 74

4 69 99

5 99 129

6 134 164

For each quantity, calculate average variable cost, average total cost, and marginal cost.
Plot all three curves on the same graph.
Discuss the relationship between marginal-cost curve and average-total-cost curve.

Expert Solution

Rahul Sunny answered 1 year ago

Marginal cost intersects average total cost and average variable cost

Marginal cost intersects average total cost and average variable costat a point depending on profit maximizing quantity.not enough information to answer.when they are increasing.at their lowest points.

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