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A firm has fixed costs of \$100 and variable costs of the following.pdf

1. A firm has fixed costs of \$100 and variable costs of the following: a. Show FC, TC, MC,AFC,AVC, and ATC in a table. Instructions: Round your answers to the nearest whole number. Units (Q) FC(\$) VC(\$) TC(\$) MC(\$) AFC(\$) AVC(\$) ATC(\$) 0 0 Units (Q) FC(\$) VC(\$) TC(\$) MC(\$) AFC(\$) AVC(\$) ATC(\$) 0 0 Solution c. Explain the relationship between the MC curve and the AVC and ATC curves. Say fixed costs dropped to \$50. Which curves shifted? Why?UnitsFCVCTC(VC+FC)MC(TCn- TCn- 1)AFC(FC/units)AVC(VC/units)ATC(AVC+AFC)010001001100351353510035135210075175 405037.587.531001102103533.3333333336.66666667704100140240302535605100175275352 0355561002153154016.6666666735.8333333352.571002603604514.2857142937.1428571451. 4285781003154155512.539.37551.87591003904907511.1111111143.3333333354.44444
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