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{"ops":[{"insert":"Q.No.7 A juice company has the following cost \r\nQ(VATS)                             VARIABLE COST                                      TOTAL COST\r\n0\t$0                                                           $30\r\n1\t10                                                             40\r\n2\t25                                                             55\r\n3\t45                                                             75\r\n4\t70                                                            100\r\n5\t100                                                          130\r\n6\t135                                                          165\r\na. Calculate average variable cost, average total cost, and marginal cost for each quantity. \r\nb. Graph all three curves. What is the relationship between the marginal-cost curve and the average total-cost curve? Between the marginal-cost curve and the average-variable-cost curve? Explain.\r\n \r\nRelation between Marginal Cost and Average Total Cost: When A.T.C declines, the M.C is less than the A.T.C but when Average Total Cost increases the Marginal Cost is greater than A.T.C. Relation between Marginal Cost and Average Variable Cost: Both Marginal Cost and Average Variable Cost are intersecting at the minimum point and at the intersection they both are equal.\r\n\r\n\n"}]}

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