2. The relationship between marginal and average costs Suppose Antonio is a professional basketball player, and his game log for free throws can be summarized in the following table. Complete the following table by calculating Antonio's free throw percentage for each game and his overall free throw average. Game Free Throw Percentage Average Free Throw Percentage (Percent) (Percent) 80 80 Game Game Result Total 1 4/5 6/10 7/14 8/16 12/20 2 3 4 in 4/5 2/5 1/4 1/2 4/4

Microeconomics: Private and Public Choice (MindTap Course List)
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Chapter2: Some Tools Of The Economist
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Problem 2CQ
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2. The relationship between marginal and average costs
Suppose Antonio is a professional basketball player, and his game log for free throws can be summarized in the following table.
Complete the following table by calculating Antonio's free throw percentage for each game and his overall free throw average.
Game Free Throw Percentage Average Free Throw Percentage
(Percent)
(Percent)
80
80
Game Game Result Total
1
4/5
2
6/10
7/14
8/16
12/20
N M
3
4
In
4/5
2/5
1/4
1/2
4/4
Transcribed Image Text:2. The relationship between marginal and average costs Suppose Antonio is a professional basketball player, and his game log for free throws can be summarized in the following table. Complete the following table by calculating Antonio's free throw percentage for each game and his overall free throw average. Game Free Throw Percentage Average Free Throw Percentage (Percent) (Percent) 80 80 Game Game Result Total 1 4/5 2 6/10 7/14 8/16 12/20 N M 3 4 In 4/5 2/5 1/4 1/2 4/4
Plot the results for each game and Antonio's overall average free throw percentage after each game on the following graph. Use the orange points
(square symbol) to plot his result for each game. Use the green points (triangle symbol) to plot Antonio's overall average.
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
FREE THROW PERCENTAGE
100
90
80
70
60
50
40
30
20
10
0
0
1
2
GAME
O
Antonio's result for each game
Antonio's overall average
You can think of the result in any one game as being Antonio's "marginal free throw percentage." Based on your previous answer, you can deduce that
when Antonio's marginal free throw percentage is above the average, the average must be
Transcribed Image Text:Plot the results for each game and Antonio's overall average free throw percentage after each game on the following graph. Use the orange points (square symbol) to plot his result for each game. Use the green points (triangle symbol) to plot Antonio's overall average. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. FREE THROW PERCENTAGE 100 90 80 70 60 50 40 30 20 10 0 0 1 2 GAME O Antonio's result for each game Antonio's overall average You can think of the result in any one game as being Antonio's "marginal free throw percentage." Based on your previous answer, you can deduce that when Antonio's marginal free throw percentage is above the average, the average must be
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