Draw a horizontal line at the price cap that regulators set that enables the Big Top to break even Label it. Draw a shape to show the deadweight loss when regulators set a price cap that enables the Big Top to break even.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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the graph shows the demand curve for curcus tickets the average total cost curve and the marginal cost curve??? :((

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Big Top is the only circus in the nation.
The graph shows the demand curve for circus tickets,
the average total cost curve, and the marginal cost
curve.
Draw a horizontal line at the price cap that regulators
set that enables the Big Top to break even. Label it.
Draw a shape to show the deadweight loss when
regulators set a price cap that enables the Big Top to
break even.
20.00
16.00-
12.00-
8.00-
4.00
Price and cost (dollars per ticket)
0.00+
0
ATC
D
MC
100 200 300 400 500 600 700 800 900
Quantity (tickets per show)
>>> Draw only the objects specified in the question.
Transcribed Image Text:Big Top is the only circus in the nation. The graph shows the demand curve for circus tickets, the average total cost curve, and the marginal cost curve. Draw a horizontal line at the price cap that regulators set that enables the Big Top to break even. Label it. Draw a shape to show the deadweight loss when regulators set a price cap that enables the Big Top to break even. 20.00 16.00- 12.00- 8.00- 4.00 Price and cost (dollars per ticket) 0.00+ 0 ATC D MC 100 200 300 400 500 600 700 800 900 Quantity (tickets per show) >>> Draw only the objects specified in the question.
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