The following is a total cost curve. 1000 Total cost ($) 900- 800.... 700- 600- 8500 500- 400- 300- 200 100- 04 0 Q TC Q 50 100 150 200 250 300 350 Quantity (q) On the diagram to the right, sketch the corresponding marginal cost curve. Using the multipoint curved line drawing tool, draw the firm's marginal cost curve. Label this curve 'MC'. Note: Use the multipoint curved line drawing tool one time to draw the entire curve. Marginal cost per unit ($) 10.00T 9.00 8.00 7.00- 6.00- 5.00 4.00 3.00- 2.00 1.00 0.00+ 50 100 150 200 250 Quantity (q) 300 350 Q After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end your curve.
The following is a total cost curve. 1000 Total cost ($) 900- 800.... 700- 600- 8500 500- 400- 300- 200 100- 04 0 Q TC Q 50 100 150 200 250 300 350 Quantity (q) On the diagram to the right, sketch the corresponding marginal cost curve. Using the multipoint curved line drawing tool, draw the firm's marginal cost curve. Label this curve 'MC'. Note: Use the multipoint curved line drawing tool one time to draw the entire curve. Marginal cost per unit ($) 10.00T 9.00 8.00 7.00- 6.00- 5.00 4.00 3.00- 2.00 1.00 0.00+ 50 100 150 200 250 Quantity (q) 300 350 Q After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end your curve.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
Problem 3CQQ
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Transcribed Image Text:The following is a total cost curve.
Total cost ($)
1000
900+
800-
700-
600-
500-
400-
300-
200-
100-
04
50
TC
100 150 200 250 300 350
Quantity (q)
Q
On the diagram to the right, sketch the corresponding marginal cost curve.
Using the multipoint curved line drawing tool, draw the firm's marginal cost curve. Label this curve 'MC'.
Note: Use the multipoint curved line drawing tool one time to draw the entire curve.
Marginal cost per unit ($)
10.00
9.00-
8.00-
7.00-
6.00-
5.00-
4.00-
3.00-
2.00-
1.00
0.00+
0
50 100
150 200 250
Quantity (q)
300
350
Q
After plotting the final point of your multipoint curve, press the Esc key on your keyboard to end
your curve.
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