6. Cousin Cletus, an amateur sculptor,produces sculptures. He has a fixed cost o

Question

6.   Cousin Cletus, an amateur sculptor,produces sculptures. He has a fixed cost of $60 per week and histotal variable cost schedule (VC) is shown below.
Rate ofOutput
(Sculptures per week) TotalVariable Cost
(Dollars per week) 1 120 2 220 3 330 4 460 5 640
Use the blue points (circle symbol) to indicate the average totalcost curve. Then use the orange points (square symbol) to indicatethe marginal cost curve. Line segments will automatically connectthe points. Make sure you plot the points from left to right.

Explanation / Answer

Output-1,2,3,4,5 TVC-120,220,330,460,640 Take FC+VT110,130,180C Take ATC=TC/Q Plot these points on the curve.ATC=180,140,130,130,140 ANDMC=120,100,

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