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Question 1

The graph below shows cost curves for a firm operating in a perfectly competitive market.

Graphing window shows horizontal axis: 0 to 8, vertical axis: 0 to 24. Start Graph, Color blue
xy
014
111
210
311
414
519
626
735
Start Graph, Color red
xy
014
19
210
317
430
Start Graph, Color green
xy
125
217
315.667
417.5
521.8
628.333
Label "Quantity of Apples" at pixel coordinates (175,0).Label "Price of Apples" at pixel coordinates (0,170).

The green line shows

 

Hint


Question 2

The graph below shows cost curves for a firm operating in a perfectly competitive market.

Graphing window shows horizontal axis: 0 to 8, vertical axis: 0 to 26. Start Graph, Color blue
xy
016
113
212
313
416
521
628
737
Start Graph, Color red
xy
016
111
212
319
432
Start Graph, Color green
xy
129
220
318.333
420
524.2
630.667
739.286
Label "Quantity of Pineapples" at pixel coordinates (175,0).Label "Price of Pineapples" at pixel coordinates (0,170).

The red line shows

 

Hint


Question 3

The graph below shows cost curves for a firm operating in a perfectly competitive market.

Graphing window shows horizontal axis: 0 to 8, vertical axis: 0 to 30. Start Graph, Color blue
xy
020
117
216
317
420
525
632
741
Start Graph, Color red
xy
020
115
216
323
436
Start Graph, Color green
xy
137
226
323.667
425
529
635.333
743.857
Label "Quantity of Pineapples" at pixel coordinates (175,0).Label "Price of Pineapples" at pixel coordinates (0,170).

The blue line shows

 

Hint