(b) Draw a graph of the firm's demand, marginal revenue, marginal (D), marginal Instructions: Use the tools provided to plot the demand average total cost (ATC) curves. Plot 7 points each for D, MR and ATC Pl cost, and average total cost revenue (MR), marginal ca
(b) Draw a graph of the firm's demand, marginal revenue, marginal (D), marginal Instructions: Use the tools provided to plot the demand average total cost (ATC) curves. Plot 7 points each for D, MR and ATC Pl cost, and average total cost revenue (MR), marginal ca
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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need help graphing and finding mc

Transcribed Image Text:Mc
Graw
Hill
4
01:47:00
eBook
Output Price
1
$22
2
21
3
4
5
($)
30
3222222;
6
7
28
26
24
20
18
20
19 18 17
16
Total
Revenue
22
42
60
76
90
102
112
Marginal
Revenue
20
18
< Prev
16
14
12
10
Total Cost ATC
$30
42
51
60
70
82
98
4 of 5
(b) Draw a graph of the firm's demand, marginal revenue, marginal cost, and average total cost curves.
Instructions: Use the tools provided to plot the demand (D), marginal revenue (MR), marginal cost (MC), and
average total cost (ATC) curves. Plot 7 points each for D, MR and ATC. Plot 6 points for MC.
I
Tools
M
D
30
21
17
15
14
13.67
14
16
MC
MR
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