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(Solved): 3. Various mensures of cost Suppose the imaginary company of Athena is a smail, Rochester-based Ame ...




3. Various mensures of cost
Suppose the imaginary company of Athena is a smail, Rochester-based American apparel manufacturer
On the following graphy, plot Dougius furs average total cost (ATG) curve using the groen points (Criangle symbol). Nert, plo
3. Various mensures of cost Suppose the imaginary company of Athena is a smail, Rochester-based American apparel manufacturer specieicing in athleisure, The following table presente the brand's total cost of production at several different quantities. Fill in the remaining cells of the following table. On the foliowing graph, plet Docglas furs average total cost (ATC) curve using the green points (triangle symbol). Next, phot at average variabie cost (AVC) curve using the purpie points (didmond symbor). Finally, plot its marginal cost (MC) cane tasing the oratge points (sauare symbol). (Mint: For ATC atd AVC plot the points on the integer; for exwmpie, the ATC of predueing one pair of boote is 5200 , so roe should stavt yeur ATC cunve by Note: Phot your points in the arber in which you would like them cornected. Line segrinents will contiect the points automatically On the following graphy, plot Dougius furs average total cost (ATG) curve using the groen points (Criangle symbol). Nert, plot is average variable cast (AVC) curve using the purpie points (diamond symbol). Finally, plot its marpinal cost (MC) curve using the orange points (square symbon). (Hint: For ATC and AVC, plot the points on the intege; for example, the ATC of produchng one peir of boots is \( \$ 200 \), so you should stavt your ATC airve oy placing a green point at \( (\alpha, 200) \). For MC, plot the points between the integers: For example, the MC of increasing production from rero to one pair of boots is 550, No you should start your MC curve by placing an orange square at \( (0.5 \), Bo).) Note: Pot your points in the onder in which you would like them connected. Line segments will connect the points mutomaticalik.


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Total cost (TC) The cost incurred on the production of all the units. TC=TFC+TVC Marginal cost (MC) Extra cost sustained for the production of one mor
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