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Question 1

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

Graphs with window x: 0 to 8, y: 0 to 20. Start Graph, Color blue
xy
010
17
26
37
410
515
622
Start Graph, Color red
xy
010
15
26
313
426
Start Graph, Color green
xy
117
211
310.33
412.5
517
623.67
Label "Quantity of Oranges" at pixel coordinates (175,0).Label "Price of Oranges" 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.

Graphs with window x: 0 to 8, y: 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
318.33
420
524.2
630.67
739.29
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.

Graphs with window x: 0 to 8, y: 0 to 29. Start Graph, Color blue
xy
019
116
215
316
419
524
631
740
Start Graph, Color red
xy
019
114
215
322
435
Start Graph, Color green
xy
135
224.5
322.33
423.75
527.8
634.17
742.71
Label "Quantity of Pineapples" at pixel coordinates (175,0).Label "Price of Pineapples" at pixel coordinates (0,170).

The blue line shows

 

Hint