Home /
Expert Answers /
Economics /
the-following-scenario-examines-the-relationship-between-marginal-and-average-values-suppose-angel-pa359
(Solved): The following scenario examines the relationship between marginal and average values. Suppose Angel ...
The following scenario examines the relationship between marginal and average values. Suppose Angel is a high school basketball player. The following table presents their game-by-game results for foul shots, Fill in the columns with Angel's foul-shooting percentage for each game and their overall foul-shooting average after each game. On the following graphy use the orange points (square symbol) to plot Angel's foul-shooting percentage for each game individuath, and use the groen? points (trangle symbol) to plot Angel's overall average foul-shooting dercentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
Homework (Ch 13) Average Foul-Shooting Percentaje You can think of the result in any one game as being Angel's marginal shooting percentage. Based on your previous answer, you' can deduce that wheni Angel's marginal shooting percentage is above the avenage, the average must bel You can now apply this analysis to production costs. For a theshaped average total cost (ATC) curve, when the marginal cost curve. is below the ayerage tobal cost curve, the average totat cost must be Aso, when the marginal cost curve is above the average total cost curye, the averade. total cont must be . Therefore, the marginal cost curve intersects thit average total cost curve