Quantity Produced (Q) 1 2 3451275(²Show Transcribed Text3Quantity Produced (Q)Average Cost (AC)1001. Determine the Total Cost (TC) and Marginal Cost (MC) from the given schedule.2. Construct the Average Cost (AC) and Marginal Cost (MC) curves based on the information obtained.3. Illustrate the relationship between AC and MC using the graph and the schedule.46056070Quantity Produced (Q) 1 2 345Average Cost (AC) 100 75 60 60 701. Determine the Total Cost (TC) and Marginal Cost (MC)from the given schedule.2. Construct the Average Cost (AC) and Marginal Cost(MC) curves based on the information obtained.3. Illustrate the relationship between AC and MC usingthe graph and the schedule.

Businesses must analyze the state of costs in order to make informed decisions about manufacturing…

1 2 3 75 4 Quantity Produced (Q) Average Cost (AC) 100 1. Determine the Total Cost (TC) and Marginal Cost (MC) from the given schedule. 2. Construct the Average Cost (AC) and Marginal Cost (MC) curves based on the information obtained. 3. Illustrate the relationship between AC and MC using the graph and the schedule. 60 5 60 70