Please give me correct answer with full explanation and draw carefully Note:-Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate. Pat's Pizza Kitchen has the following total cost schedule.Output(pizzas per hour)012345Total cost(dollars per hour)102130415469Use 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 andPat'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, and label the part at which Pat's suppliessome pizza S₁.16-Price (dollars per pizza)14-12-10-8-6-4-2-0-о1Output (pizzas per hour)>>> Draw only the objects specified in the question.✓

The cost schedule is given asOutputTotal Cost010121230341454569

Answered: Pat's Pizza Kitchen has the following…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please give me correct answer with full explanation and draw carefully

Note:-

Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.

Answer completely and accurate answer.

Rest assured, you will receive an upvote if the answer is accurate.

Pat's Pizza Kitchen has the following total cost schedule.
Output
(pizzas per hour)
0
1
2
3
4
5
Total cost
(dollars per hour)
10
21
30
41
54
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, and label the part at which Pat's supplies
some pizza S₁.
16-
Price (dollars per pizza)
14-
12-
10-
8-
6-
4-
2-
0-
о
1
Output (pizzas per hour)
>>> Draw only the objects specified in the question.
✓

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