How to draw marginal cost ,average cost ???

Question

How to draw marginal cost ,average cost ???

Answer 1

Mc curve is NIKE SHAPED.. u can remeber dis.. its U shaped..

jus lyk nike sign..( a tick mark)

and Ac cure is U-shaped ..lyk a bowl..

d latter is 2 b drawn in the middle n its minimum point should cut d MC curve..

hope it helped!

:-)

Answer 2

You have price on one side, quantity on the other, now plot what the person above me told you.

Answer 3

The marginal cost of production is the increase in total cost as a result of producing one extra unit.

Marginal cost and average cost can differ greatly.  For example, suppose it costs $1000 to produce 100 units and $1020 to produce 101 units.  The average cost per unit is $10, but the marginal cost of the 101st unit is $20