Long Answer: To receive credit, you must clearly show your work and/or reasoning.
13. When Dan's Dishes produces 24 dishes, his fixed cost is $350 and his total cost is $655. When he produces 25 dishes, his total cost is $692.
A. What is Dan's average total cost of producing 25 dishes? (4 points)
B. What is Dan's average variable cost of producing 25 dishes? (4 points)
C. What is Dan's marginal cost of producing the 25th dish? (4 points)
D. When Dan produces 25 dishes, is his average total cost curve increasing or decreasing? Briefly explain why based on your answers to parts A and C. (6 points)