TFC q TVC 0 0 1 65 2 105 3 135 4 167 5 a. 203 6 244 7 293 d. 8 55 355 9 432 10 527 3. Draw the short-run MC, AVC, and AC curves. Please use no less than 5 points for each curve. Label all axes, curves, and coordinates. TC b. AVC C. ATC/AC MC =

Economics: Private and Public Choice (MindTap Course List)
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Chapter21: Costs And The Supply Of Goods
Section: Chapter Questions
Problem 14CQ
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JOHN M∞ 9
TVC
0
65
105
135
167
a.
203
244
293
d.
55
355
432
527
e.
3. Draw the short-run MC, AVC, and AC curves. Please use no less than 5 points for each
curve. Label all axes, curves, and coordinates.
q
0
1
2
3
4
5
6
7
8
9
10
TFC
TC
b.
AVC
C.
ATC/AC MC
3
Transcribed Image Text:JOHN M∞ 9 TVC 0 65 105 135 167 a. 203 244 293 d. 55 355 432 527 e. 3. Draw the short-run MC, AVC, and AC curves. Please use no less than 5 points for each curve. Label all axes, curves, and coordinates. q 0 1 2 3 4 5 6 7 8 9 10 TFC TC b. AVC C. ATC/AC MC 3
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