Douglas Fur is a small manufacturer of fake-fur boots in Houston. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the...


Douglas Fur is a small manufacturer of fake-fur boots in Houston. The following table shows the company's total cost of production at various<br>production quantities.<br>Fill in the remaining cells of the following table.<br>Average Variable Cost<br>(Dollars per pair)<br>Average Total Cost<br>(Dollars per pair)<br>Marginal Cost<br>Fixed Cost<br>Quantity<br>(Pairs)<br>Total Cost<br>Variable Cost<br>(Dollars)<br>(Dollars)<br>(Dollars)<br>(Dollars)<br>60<br>-<br>1<br>160<br>220<br>270<br>4<br>340<br>450<br>6.<br>630<br>On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost<br>(AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For<br>ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $160, so you should start your ATC curve by<br>placing a areen point at (1. 160) For MC plot the points between the integers: For examnle the MC of increasina production from zero to one pairof<br>9 M<br>LEGO<br>AAAAAA<br>

Extracted text: Douglas Fur is a small manufacturer of fake-fur boots in Houston. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) Marginal Cost Fixed Cost Quantity (Pairs) Total Cost Variable Cost (Dollars) (Dollars) (Dollars) (Dollars) 60 - 1 160 220 270 4 340 450 6. 630 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $160, so you should start your ATC curve by placing a areen point at (1. 160) For MC plot the points between the integers: For examnle the MC of increasina production from zero to one pairof 9 M LEGO AAAAAA
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.<br>200<br>175<br>ATC<br>150<br>125<br>AVC<br>100<br>75<br>MC<br>50<br>25<br>0.<br>+<br>3<br>4<br>6.<br>QUANTITY (Pairs of boots)<br>ace<br>cer<br>COSTS (Dollars per pair)<br>

Extracted text: Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 200 175 ATC 150 125 AVC 100 75 MC 50 25 0. + 3 4 6. QUANTITY (Pairs of boots) ace cer COSTS (Dollars per pair)

Jun 08, 2022
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