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Healthy Ozenzo's Juice Bar has the following cost schedules:

Q (VATS) VARIABLE COST TOTAL COST
0 0 30
1 10 40
2 25 55
3 45 75
4 70 100
5 100 130
6 135 165

a. Find the fixed cost?

b. find out average variable cost, average total cost, and marginal cost for each quantity

c. Graph all three curves. What is the relationship between the marginal-cost curve and the average total cost curve? Between the marginal-cost curve and the average-variable-cost curve? describe.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M947952

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