(Figure: Capital and Labor IV)

Essay

(Figure: Capital and Labor IV)
Where the firm is producing at point Y, graph the:
a. short-run total cost curve, showing the total cost at 10, 20, and 30 units of output.
b. long-run total cost curve, showing the total cost at 10, 20, and 30 units of output.
c. short-run ATC curve, showing the ATC at 10, 20, and 30 units of output.
d. long-run ATC curve, showing the ATC at 10, 20, and 30 units of output.