Jane's Juice Bar has the following cost schedules:In the following table, complete the marginal cost, average variable cost, and average total cost columns.Quantity(Vats of juice) (Dollars)Variable CostTotal CostMarginal CostAverage Variable CostAverage Total Cost(Dollars)(Dollars)(Dollars)(Dollars)30110402555345754701005100130135165AMAAAA On the following graph, use the orange points (square symbol) to plot the marginal-cost curve for Jane's Juice Bar. (Note: Be sure to plot from left toright and to plot between integers. For example, if the marginal cost of increasing production from 1 vat of juice to 2 vats of juice is $5, then youwould plot a point at (1.5, 5).) Then use the purple points (diamond symbol) to plot the average-variable cost curve starting at 1 vat of juice, and usethe green points (triangle symbol) to plot the average-total-cost curve also starting at 1 vat of juice.(?4035Marginal Cost3025Average Variable CostAverage Total Cost151051245Quantity (Vats of juice)Which of the following statements are true according to the previous graph? Check all that apply.O The marginal-cost curve is below the average-total-cost curve when output is less than four and average total cost is declining.O The marginal-cost curve is below the average-total-cost curve when output is greater than four and average total cost is rising.The marginal-cost curve lies above the average-variable-cost curve.CostsO O O

Total cost is the sum of all costs incurred in the production process. The total cost can be divided…

Which of the following statements are true according to the previous graph? Check all that apply. The marginal-cost curve is below the average-total-cost curve when output is less than four and average total cost is declining. The marginal-cost curve is below the average-total-cost curve when output is greater than four and average total cost is rising. The marginal-cost curve lies above the average-variable-cost curve.