The plot these curves on a graph needs to be excel
- Consider the following equations/functions:
TC = 20 + 4Q , TC = 20 + 2Q + 0.5Q2, TC = 20 + 4Q - 0.1Q2
- Calculate the following for all three cost equations/functions: Total cost, Total fixed cost, Total variable cost
Average total cost, Average fixed cost, Average variable cost, Marginal cost
- Plot these curves on graphs.