15th Assignment Construct two graphs lined up one on top of the other. The upper graph should reflect a total cost curve and the bottom graph should reflect the average cost curve and the marginal cost curve (you may omit AFC and AVC). • Add a total revenue curve to the upper graph and a marginal revenue curve to the lower graph such that the firm is not making a profit or suffering a loss.

15th Assignment Construct two graphs lined up one on top of the other. The upper graph should reflect a total cost curve and the bottom graph should reflect the average cost curve and the marginal cost curve (you may omit AFC and AVC). • Add a total revenue curve to the upper graph and a marginal revenue curve to the lower graph such that the firm is not making a profit or suffering a loss.

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: Firms In Competitive Markets

Section: Chapter Questions

Problem 4PA

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explain what is happening in this graphs
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