The average cost function for skateboards is given by: AC = (15)^2 - 30(15) + 350 = 225 - 450 + 350 = 125. The average cost at the minimum level of output is $125 per skateboard. The marginal cost function for skateboards is given by: MC = 3(15)^2 - 60(15) + 350 = 675 - 900 + 350 = 125 So, at q = 15, MC = AC = 125. this marginal cost curve intersects average cost at its minimum value.  Draw and label the graph showing the average and marginal cost curves for skateboard production.

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