On the following graph, use the orange points (square symbol) to plot the portion of the firm's supply curve that corresponds to prices where there is positive output, including the break-even price. (Note: You are given more points to plot than you need!) Then use the grey points (star symbol) to plot the portion of the firm's supply curve that corresponds to prices where there is zero output. (Hint: This line segment should start at (0, 0) and end at the price where the firm is indifferent between producing and not producing.) Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 Supply (Output)
On the following graph, use the orange points (square symbol) to plot the portion of the firm's supply curve that corresponds to prices where there is positive output, including the break-even price. (Note: You are given more points to plot than you need!) Then use the grey points (star symbol) to plot the portion of the firm's supply curve that corresponds to prices where there is zero output. (Hint: This line segment should start at (0, 0) and end at the price where the firm is indifferent between producing and not producing.) Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 100 90 Supply (Output)
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 2SQP
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