ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Graph the average total cost by plotting for three points only, Q = 1, Q = 5, Q = 14.
The graph below shows the TC, TVC, and TFC.
The problem I'm having is figuring out how to do so. I know the TC will be multiples of 25.
How would I go about doing this? Graph not required, just the process to get the ATC.

Cost ($)
800
750
700
650
600
550
500
450
400
350
300
250
200
150
100
50
0
0
1
2
10
P
7 8
9
10
11
TC
TVC
TFC
12 13 14 15 16
Quantity of gloves
produced
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Transcribed Image Text:Cost ($) 800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 0 1 2 10 P 7 8 9 10 11 TC TVC TFC 12 13 14 15 16 Quantity of gloves produced
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