For the total variable cost (TVC), draw a positive total fixed cost (TFC) and total cost (TC) curves. Then derive the associated marginal cost (MC), average total cost (ATC), average variable (AVC) and average fixed cost (AFC) curves. Be sure to capture and explain the appropriate relationships among the curves

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what is the formulae to find total fix cost, total fix cost, total variable cost, marginal cost,average fix cost,average variable cost,average total cost.

To draw the curves and derive the associated curves, you will need some information. Let's assume you have data on the total variable cost (TVC) and total fixed cost (TFC) for different levels of production.

1. Plotting the Total Variable Cost (TVC), Total Fixed Cost (TFC), and Total Cost (TC) Curves:
- Start by taking the different levels of production on the horizontal axis (X-axis) and the corresponding costs on the vertical axis (Y-axis).
- Plot the TVC data points on the graph. Connect these points with a smooth curve. The TVC curve should start at the origin (0,0) since there are no costs when production is zero.
- Plot the TFC data points on the graph. Since fixed costs remain constant regardless of production, the TFC curve should be a straight horizontal line at the corresponding value of fixed cost.
- To obtain the TC curve, simply add the TVC and TFC curves together at each level of production.

2. Deriving the Associated Marginal Cost (MC), Average Total Cost (ATC), Average Variable Cost (AVC), and Average Fixed Cost (AFC) Curves:

a. Marginal Cost (MC):
- The Marginal Cost represents the change in Total Cost (TC) that occurs due to the production of one additional unit.
- To derive the MC curve, calculate the change in TC when production increases by one unit. Divide this change by one unit to find the Marginal Cost.
- Plot the MC values on a separate graph using the same horizontal axis as the TC curve.

b. Average Total Cost (ATC):
- The Average Total Cost represents the cost per unit of production, and it is calculated by dividing the Total Cost (TC) by the level of production.
- To derive the ATC curve, divide the TC at each level of production by the corresponding level of production.
- Plot the ATC values on a separate graph.

c. Average Variable Cost (AVC):
- The Average Variable Cost represents the variable cost per unit of production and is calculated by dividing the Total Variable Cost (TVC) by the level of production.
- To derive the AVC curve, divide the TVC at each level of production by the corresponding level of production.
- Plot the AVC values on a separate graph.

d. Average Fixed Cost (AFC):
- The Average Fixed Cost represents the fixed cost per unit of production and is calculated by dividing the Total Fixed Cost (TFC) by the level of production.
- Since fixed costs remain constant regardless of the level of production, the AFC curve will decrease as production increases.
- Plot the AFC values on a separate graph.

3. Relationships between the curves:

- MC curve intersects both the AVC and ATC curves at their minimum points.
- When the MC is below the average curves (AVC and ATC), these curves will be decreasing.
- When the MC is above the average curves (AVC and ATC), these curves will be increasing.
- Average Fixed Cost (AFC) decreases with increasing production but never intersects with the MC curve because AFC doesn't change with the level of production.

Remember, the shapes of these curves may vary depending on the specific characteristics of the business or industry.