Production costs

Data response question

Production costs
Consider the following hypothetical example.

OUTPUT P TFC  TVC TC AC MC
0 100 100
1 90 130
2 80 158
3 70 183
4 60 208
5 50 253
6 40 308
7 30 368
8 20 468
  1. Complete missing figures.
  2. Plot ATC and AVC.
  3. Plot MC.

Answer