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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 27. Start Graph, Color black
xy
023.66
123.66
223.66
323.66
423.66
523.66
623.66
723.66
823.66
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
319.67
421.25
525.4
631.83
740.43
Label "Quantity of Jackets" at pixel coordinates (175,0).Label "Price of Jackets" at pixel coordinates (0,170).

Suppose that the equilibrium price is $23.66 (black line). This firm is earning 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 21. Start Graph, Color black xy 09.56 19.56 29.56 39.56 49.56 59.56 69.56 79.56 89.56 Start Graph, Color blue xy 011 18 27 38 411 516 623 732 Start Graph, Color red xy 011 16 27 314 427 Start Graph, Color green xy 119 212.5 311.67 413.75 518.2 624.83 Label "Quantity of Pineapples" at pixel coordinates (175,0).Label "Price of Pineapples" at pixel coordinates (0,170). Suppose that the equilibrium price is$9.56 (black line). This firm is earning

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 28. Start Graph, Color black
xy
021
121
221
321
421
521
621
721
821
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
741.57
Label "Quantity of Apples" at pixel coordinates (175,0).Label "Price of Apples" at pixel coordinates (0,170).

Suppose that the equilibrium price is $21 (black line). This firm is earning Hint Question 4 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 black xy 022 122 222 322 422 522 622 722 822 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 Apples" at pixel coordinates (175,0).Label "Price of Apples" at pixel coordinates (0,170). Suppose that the equilibrium price is$22 (black line). This firm is earning

Hint