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Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in San Diego

Economics

Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in San Diego. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the table. Quantity (Pairs) Total Cost (Dollars) Marginal Cost (Dollars) Fixed Cost (Dollars) Variable Cost (Dollars) Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) 0 120 1 210 2 270 3 315 4 380 5 475 6 630 On the following graph, plot Douglas Fur's average total cost curve (ATC) using the green points (triangle symbol). Next, plot its average variable cost curve (AVC) using the purple points (diamond symbol). Finally, plot its marginal cost curve (MC) using the orange points (square symbol).
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 240 A 210 ATC 180 150 AVC COSTS (Dollars per pair) 120 90 MC 60 30 0 0 6 1 2 3 4 5 QUANTITY OF OUTPUT (Pairs of boots)

pur-new-sol

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