Cost curve practice
1. Fill in the columns for fixed cost and variable cost.
2. Graph fixed cost, variable cost and total cost.
3. Comment on the relationship between the curves.
4. Fill in the columns for average fixed cost, average variable cost, average cost and marginal cost.
5. On a new graph plot these four curves.
6. Explain the shape of the curves and the relationships between the curves.
2. Graph fixed cost, variable cost and total cost.
3. Comment on the relationship between the curves.
4. Fill in the columns for average fixed cost, average variable cost, average cost and marginal cost.
5. On a new graph plot these four curves.
6. Explain the shape of the curves and the relationships between the curves.
