Consider the graph of production costs shown below and answer the questions that follow. We

Question: Consider the graph of production costs shown below and answer the questions that follow. We will be using cost functions such as these to analyze firm pricing and output decisions in the weeks ahead. What is the Average Total Cost at a quantity of 100? At what quantity is Average Variable Cost equal to Marginal Cost? At what quantity is Average Total Consider the graph of production costs shown below and answer the questions that follow. We will be using cost functions such as these to analyze firm pricing and output decisions in the weeks ahead.

What is the Average Total Cost at a quantity of 100?

At what quantity is Average Variable Cost equal to Marginal Cost?

At what quantity is Average Total Cost the lowest (at its minimum)?

Approximately what is the Marginal Cost at a quantity of 100?