Instructions: 1. Complete the table making the appropriate calculations. 2. Graph Fixed cost, Variable cost and Total cost on the same axis vs. Total product (Q) on the other axis in the same graph. 3. Graph AFC, AVC, ATC, and MC on the same axis vs. Total product (Q) on the other axis in a second graph. Average Average Average Variable Total Fixed Variable Total cost Total Fixed Marginal product cost Cost Cost Cost Cost cost (Q) (FC) |(VC) (TC) (AFC) (AVC) (АTC) (MC))

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A: We know that ,  TC=TFC+TVC AVC=TVC/TP AFC=TFC/TP AC=TC/TP

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A: * SOLUTION :-  By using the formulas we write the table  AFC=FC/Q AVC=VC/Q ATC=AFC+AVC

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