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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 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 green line shows

 

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

 

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 Pineapples" at pixel coordinates (175,0).Label "Price of Pineapples" at pixel coordinates (0,170).

The blue line shows

 




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