Project #84306 - Microeconomics help

Suppose the following table includes the partial cost numbers for a firm.

Q FC VC TC MC AFC AVC ATC
0 100            
1   100          
2       80      
3       70     116.7
4     450        
5   500          
6   800          


a. (NUMERICAL) Based on your knowledge of the firm’s cost structure, fill in the missing values in the table for the firm’s cost curves.
b. (DESCRIPTIVE)Is this a short-run or a long-run for the firm? How can you tell?
c. (GRAPHICAL) Plot the MC, AFC, AVC and ATC curves.

 

 

 (Please make sure that the graph can be copy and pasted into another word document. )

Subject Business
Due By (Pacific Time) 09/30/2015 08:00 pm
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