4. Various measures of costDouglas Fur is a small manufacturer of fake-fur boots in San Francisco. The following table shows the company's total cost of production at variousproduction quantities.Fill in the remaining cells of the following table.Average Variable Cost(Dollars per pair)Average Total Cost(Dollars per pair)QuantityTotal CostMarginal CostFixed CostVariable Cost(Pairs)(Dollars)(Dollars)(Dollars)(Dollars)12012102270331543805475630 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost(AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: ForATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $210, so you should start your ATC curve byplacing a green point at (1, 210). For MC, plot the points between the integers: For example, the MC of increasing production from zero to one pair ofboots is $90, so you should start your MC curve by placing an orange square at (0.5, 90).)Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.240210ATC180150AVC12090MC60301346QUANTITY (Pairs of boots)COSTS (Dollars per pair)

Total cost (TC) at zero level of out is the total fixed at cost at each level of output. Thus, fixed…

Douglas Fur is a small manufacturer of fake-fur boots in San Francisco. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Average Variable Cost (Dollars per pair) Quantity Total Cost Marginal Cost Fixed Cost Variable Cost Average Total Cost (Pairs) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars per pair) 120 1 210 2 270 3 315 4 380 475 6 630