PRICE (Dollars per blender) 80 ATC 70 60 50 40 2288 28 30 20 10 MC AVC 0 0 5 10 15 20 25 30 35 40 45 50 QUANTITY (Thousands of blenders) Profit or Loss In the short run, at a market price of $35 per blender, this firm will choose to produce blenders per day. On the previous graph, use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss if the market price is $35 and the firm chooses to produce the quantity you already selected. Note: In the following question, you should enter a positive number in the numeric entry field. The area of this rectangle indicates that the firm's _ would be $ per day. Grade It Now Save & Continue Continue without saving 3. Profit maximization in the cost-curve diagram Suppose that the market for blenders is a perfectly competitive market. The following graph shows the daily cost curves of a firm operating in this market. PRICE (Dollars per blender) 100 60 50 40 30 2 2 2 2 2 2 28 20 10 MC AVC Profit or Loss ATC ° 5 10 15 20 25 30 35 QUANTITY (Thousands of blenders) 40 45 50 ? In the short run, at a market price of $35 per blender, this firm will choose to produce blenders per day. A