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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 27. Start Graph, Color black
xy
021.66
121.66
221.66
321.66
421.66
521.66
621.66
721.66
821.66
Start Graph, Color blue
xy
017
114
213
314
417
522
629
738
Start Graph, Color red
xy
017
112
213
320
433
Start Graph, Color green
xy
131
221.5
319.667
421.25
525.4
631.833
740.429
Label "Quantity of Avocados" at pixel coordinates (175,0).Label "Price of Avocados" at pixel coordinates (0,170).

Suppose that the equilibrium price is $21.66 (black line). This firm is earning

 

Hint


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 28. Start Graph, Color black
xy
019
119
219
319
419
519
619
719
819
Start Graph, Color blue
xy
018
115
214
315
418
523
630
739
Start Graph, Color red
xy
018
113
214
321
434
Start Graph, Color green
xy
133
223
321
422.5
526.6
633
741.571
Label "Quantity of Oranges" at pixel coordinates (175,0).Label "Price of Oranges" at pixel coordinates (0,170).

Suppose that the equilibrium price is $19 (black line). This firm is earning

 

Hint


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 27. Start Graph, Color black
xy
019.66
119.66
219.66
319.66
419.66
519.66
619.66
719.66
819.66
Start Graph, Color blue
xy
017
114
213
314
417
522
629
738
Start Graph, Color red
xy
017
112
213
320
433
Start Graph, Color green
xy
131
221.5
319.667
421.25
525.4
631.833
740.429
Label "Quantity of Pineapples" at pixel coordinates (175,0).Label "Price of Pineapples" at pixel coordinates (0,170).

Suppose that the equilibrium price is $19.66 (black line). This firm is earning

 

Hint


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 25. Start Graph, Color black
xy
08
18
28
38
48
58
68
78
88
Start Graph, Color blue
xy
015
112
211
312
415
520
627
736
Start Graph, Color red
xy
015
110
211
318
431
Start Graph, Color green
xy
127
218.5
317
418.75
523
629.5
Label "Quantity of Textbooks" at pixel coordinates (175,0).Label "Price of Textbooks" at pixel coordinates (0,170).

Suppose that the equilibrium price is $8 (black line). This firm is earning

 

Hint