Answered: Use the multipoint curved line drawing…

Business

Economics

Use the multipoint curved line drawing tool to draw the total supply curve. Label this line 'STotal'.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose the supply curves for Firm A and Firm B are
shown in the figure to the right.
Use the multipoint curved line drawing tool to draw the
total supply curve. Label this line 'STotal'.
Carefully follow the instructions above, and only draw the
required object.
Price
14-
12-
10-
co
6-
4-
2-
0-
0
2
4
SB
SA
6
Question Help
Stotal
8 10 12 14 16
Quantity (thousands)
-
18 20
After plotting the final point of your multipoint curve, press
the Esc key on your keyboard to end the line.

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Step 1: Introduce the concept of total supply curve.

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Step 2: Derive and draw the total supply curve.

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