Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 Game Free-Throw Percentage 80 70 60 Average Free-Throw Percentage 50 40 30 20 10 2. 3 4 GAME ou can think of the result in any one game as being Jake's marginal free-throw percentage. Based on your previous answer, you can deduce that when Jake's marginal free-throw percentage is above the average, the average must be pu can now apply this analysis to production costs. For a U-shaped average total cost curve, when the marginal cost curve is below the average total ost curve, the average total cost must be Also, when the marginal cost curve is above the average total cost curve, the average total ost must be Therefore, the marginal cost curve intersects the average total cost curve FREE-THROW PERCENTAGE
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 Game Free-Throw Percentage 80 70 60 Average Free-Throw Percentage 50 40 30 20 10 2. 3 4 GAME ou can think of the result in any one game as being Jake's marginal free-throw percentage. Based on your previous answer, you can deduce that when Jake's marginal free-throw percentage is above the average, the average must be pu can now apply this analysis to production costs. For a U-shaped average total cost curve, when the marginal cost curve is below the average total ost curve, the average total cost must be Also, when the marginal cost curve is above the average total cost curve, the average total ost must be Therefore, the marginal cost curve intersects the average total cost curve FREE-THROW PERCENTAGE
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter2: Some Tools Of The Economist
Section: Chapter Questions
Problem 2CQ
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