Kaufmann, Inc., is a textile firm specializing in linen tablecloths. The following table shows its total cost of production. Quantity Total Cost (Dollars per hour) Tablecloths per hour0 90 105 128 160 210 5.5. On the graph below, plot Kaufmann\'s average total cost CATC using the green points (triangle symbols), plotits average variable cost CAVC using the purple points (diamond symbols, and plot its marginal cost CMC) curve using the orange points (square symbols) For ATC and AVC, plot the points on the integer: for example, the ATC of producing one tablecloth is 80, so you should start your ATC curve by placing a green triangle at the point (1,80). For MC, plot the points between integers: for example, the MC of increasing production from 0 to 1 tablecloth is 20, so you should start your MC curve by placing an orange square at the point (0.5, 20). COSTS (Dollars per table cloth) 80 ATC 70 AVC 60 3 50 MC 40 30 20 10 QUANTITY OFOUTPUT Tablecloths per hour) Hel Clear All Questions Toal 1.24 Capyright 2002-2013 Cengage Learni s reserved Submit Answer
Solution
output Total cost FC VC ATC AVC MC 0 60 60 0 #DIV/0! #DIV/0! 1 80 60 20 80 20 20 2 90 60 30 45 15 10 3 105 60 45 35 15 15 4 128 60 68 32 17 23 5 160 60 100 32 20 32 6 210 60 150 35 25 50
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Kaufmann- Inc-- is a textile firm specializing in linen tablecloths- T.docx
1. Kaufmann, Inc., is a textile firm specializing in linen tablecloths. The following table shows its
total cost of production. Quantity Total Cost (Dollars per hour) Tablecloths per hour0 90 105 128
160 210 5.5. On the graph below, plot Kaufmann's average total cost CATC using the green
points (triangle symbols), plotits average variable cost CAVC using the purple points (diamond
symbols, and plot its marginal cost CMC) curve using the orange points (square symbols) For
ATC and AVC, plot the points on the integer: for example, the ATC of producing one tablecloth
is 80, so you should start your ATC curve by placing a green triangle at the point (1,80). For
MC, plot the points between integers: for example, the MC of increasing production from 0 to 1
tablecloth is 20, so you should start your MC curve by placing an orange square at the point (0.5,
20). COSTS (Dollars per table cloth) 80 ATC 70 AVC 60 3 50 MC 40 30 20 10 QUANTITY
OFOUTPUT Tablecloths per hour) Hel Clear All Questions Toal 1.24 Capyright 2002-2013
Cengage Learni s reserved Submit Answer
Solution
output Total cost FC VC ATC AVC MC 0 60 60 0 #DIV/0! #DIV/0! 1 80 60 20 80 20 20 2 90
60 30 45 15 10 3 105 60 45 35 15 15 4 128 60 68 32 17 23 5 160 60 100 32 20 32 6 210 60 150
35 25 50
