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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 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
322.333
423.75
527.8
634.167
742.714
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 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
310.333
412.5
517
623.667
Label "Quantity of Avocados" at pixel coordinates (175,0).Label "Price of Avocados" 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 22. Start Graph, Color blue
xy
012
19
28
39
412
517
624
733
Start Graph, Color red
xy
012
17
28
315
428
Start Graph, Color green
xy
121
214
313
415
519.4
626
Label "Quantity of Oranges" at pixel coordinates (175,0).Label "Price of Oranges" at pixel coordinates (0,170).

The blue line shows

 

Hint