How do we calculate each of the following: marginal cost, average total cost, and average variable cost?

To calculate marginal cost (MC), average total cost (ATC), and average variable cost (AVC), use the following formulas: 1. Marginal cost (MC) calculation: \(MC = \frac{\Delta TC}{\Delta Q}\) , where \(\Delta TC\) represents the change in total cost and \(\Delta Q\) represents the change in output quantity. 2. Average total cost (ATC) calculation: \(ATC = \frac{TC}{Q}\) , where \(TC\) represents the total cost and \(Q\) represents the quantity produced. 3. Average variable cost (AVC) calculation: \(AVC = \frac{TVC}{Q}\), where \(TVC\) represents the total variable cost and \(Q\) represents the quantity produced. Make sure you have the total cost (TC) and total variable cost (TVC) as functions of their respective quantities or as given values in a table in order to calculate these costs.