Accessible description: The figure indicates on the y-axis c…
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Accessible descriptiоn: The figure indicаtes оn the y-аxis cоsts in dollаrs per bagel and on the x-axis the quantity in hundreds of bagels per day. Depicted are a marginal cost curve, average total cost curve and average variable cost curve, which are u-shaped. The Marginal cost curve decreases through a quantity of 5 and increases through quantities of (20), (30) and (35). Average total cost decreases through the quantity of 30 and then increases, and the Average variable cost curve decreases through the quantity of 20 and then increases. f1q44g1.jpg Based on the above figure of the costs at Barney's Bagel Bakery, at which level of daily output will diminishing marginal returns first occur?