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(Solved): 9. firms cost schedule 9. Firm's cost Schedule Yakov's Juice Bar has the following cost schedules: I ...
9. firms cost schedule
9. Firm's cost Schedule Yakov's Juice Bar has the following cost schedules: In the following table, complete the marginal cost, average variable cost, and average total cost columns.
On the following graph, use the orange points (square symbol) to plot the marginal-cost curve for Yakov's Juice Bar. (Note: Be sure to piot from left to right and to piot between integers. For example, if the marginal cost of increasing production from 1 vat of juice to 2 vats of juice is 55 , then you would plot a point at \( (1.5,5) \).\( ) Then use the purple points (diamond symbol) to plot the average-variable cost curve starting at I vat of juice, and use \) the green points (triangle symbol) to plot the average-total-cost curve also starting at 1 vat of juice.
Which of the following statements are true according to the previous graph? Check all that apply. The marginal-cost curve is above the average-total-cost curve when output is greater than four and average total cost is rising. The marginal-cost curve is below the average-total-cost curve when output is oreater than four and average total cost is rising. The marginal-cost curve lies below the average-variable-cost curve.