​Pat's Pizza Kitchen has the following total cost schedule.    Output ​(pizzas per​ hour) Total cost ​(dollars per​ hour) 0 10 1 21 2 30 3 41 4 54 5 69       Use the data to draw​ Pat's supply curve.​ Pat's is a price taker. Draw a point to show the quantity of pizza supplied when the market price equals minimum average variable cost and​ Pat's continues to produce pizza.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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​Pat's Pizza Kitchen has the following total cost schedule.
  
Output
​(pizzas per​ hour)
Total cost
​(dollars per​ hour)
0
10
1
21
2
30
3
41
4
54
5
69
  
  
Use the data to draw​ Pat's supply curve.​ Pat's is a price taker.
Draw a point to show the quantity of pizza supplied when the market price equals minimum average variable cost and​ Pat's continues to produce pizza.
Draw a point to show the quantity of pizza supplied when the market price is​ $14 a pizza.
Draw​ Pat's supply​ curve: Label the part at which Pat supplies zero pizza
S Subscript 0
and label the part at which​ Pat's supplies some pizza
S Subscript 1.
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