3. The relationship between marginal and average costs Consider the following scenario to understand the relationship between marginal and average values. Suppose Caroline is a professional basketball player, and her game log for free throws can be summarized in the following table. Fill in the columns with Caroline's free-throw percentage for each game and her overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 1 6/8 6/8 75 75 2/8 8/16 3 2/4 10/20 4 8/10 18/30 8/10 26/40 On the following graph, use the orange points (square symbol) to plot Caroline's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot her overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 80 Game Free-Throw Percentage 70 60 Average Free-Throw Percentage RCENTAGE

3. The relationship between marginal and average costs Consider the following scenario to understand the relationship between marginal and average values. Suppose Caroline is a professional basketball player, and her game log for free throws can be summarized in the following table. Fill in the columns with Caroline's free-throw percentage for each game and her overall free-throw average after each game. Game Game Result Total Game Free-Throw Percentage Average Free-Throw Percentage 1 6/8 6/8 75 75 2/8 8/16 3 2/4 10/20 4 8/10 18/30 8/10 26/40 On the following graph, use the orange points (square symbol) to plot Caroline's free-throw percentage for each game individually, and use the green points (triangle symbol) to plot her overall average free-throw percentage after each game. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 80 Game Free-Throw Percentage 70 60 Average Free-Throw Percentage RCENTAGE

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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