construct the cost schedule for a firm operating in the short run  b) Graph the average variable cost, average total cost and marginal cost curves. QuantityProduction  Total  Fixed  cost Total

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter13: The Cost Of Production
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Using the following table 
a) construct the cost schedule for a firm operating in the short run 
b) Graph the average variable cost, average total cost and marginal cost curves.
QuantityProduction 
Total 
Fixed 
cost
Total 
Variable 
cost
Total 
Cost 
Marginal 
Cost 
Average 
Fixed 
Cost
Average 
Variable 
Cost
Average 
Total 
Cost
0 $160 0 $160 --- --- ---- ----
1 $200
2 $230
3 $250
4 $260
5 $280
6 $320
7 $390
8 $490
9 $610

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