A. Graph AFC, AVC, ATC and MC B. Explain the derivation and shape of each of these four curves and their relationships to one anotherpecifically explain in non-technical terms why
A. Graph AFC, AVC, ATC and MC B. Explain the derivation and shape of each of these four curves and their relationships to one anotherpecifically explain in non-technical terms why
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 9SQP
Related questions
Question
A. Graph AFC,
B. Explain the derivation and shape of each of these four
Transcribed Image Text:Content
X
Introduction to Agricultural X
+
.com/collab/ui/session/join/5406d7cf48ea4ba49a2aa76847e61b8d
nhas fixed costs of R60 and variable costs as
ated in the table below. Complete the table
Total
Total
Total
Average Average Average
variable total
Marginal
cost
fixed
variable
cost
fixed
cost
cost
cost
cost
cost
60
0
60
0
105
60
60
105
45
45
85
60
145
30
72.5
42.5
30
180
120
40
20
60
60
35
210
150
37.5
15
60
52.5
30
245
185
37
12
60
49
45
47.5
40
37.5
10
285
60
225
48.6
55
38.5
8.6
340
270
60
48.1
7.5
40
40
325
385
60
6.7
50
65
43.3
450
390
60
52.5
75
46.5
6
525
465
60
Total Product, Marginal product and Ave... (36/39)
e Ø
8
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45
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