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(Solved): 3. Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in San Diego. The ...




3. Various measures of cost
Douglas Fur is a small manufacturer of fake-fur boots in San Diego. The following table shows the
On the following graph, plot Douglas Furs average total cost (ATC) curve using the green points (triangle symbol). Next, plo
3. Various measures of cost Douglas Fur is a small manufacturer of fake-fur boots in San Diego. The following table shows the company's total cost of production at various production quantities. Fill in the remaining cells of the following table. On the following graph, plot Douglas Furs average total cost (ATC) curve using the green points (triangle symbol). Next, piot its average variable cart (AVC) curve using the purple points (diampnd symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Mint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is s160, so you should start your ATC curve by placing a green point at \( (1,160) \). For MC, plot the points betwoen the integers: For example, the MC of increasing production from zero to one pair of boots is \( \$ 100 \), so you should start your MC curve by placing an orange squace at \( (0.5,100) \). On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points (triangle symbol). Next, plot its average variable cast (AVC) curve using the purple points (diamond symboi). 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 green point ot \( (1,160) \). For MC, plot the points between the integers: For example, the MC of increasing production from zero to one pair of boots is \( \$ 100 \), so you should start your MC curve by placing an orange square at \( (0.5,100) \).) Note: Plot your points in the order in which you would like them connected. Line segments will connect the points sutomatically.


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SOLUTION: GIVEN DATA: USING THE GIVEN DATA SOLVE THE REMAINING BLANKS. USING THE
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