The graph to the right shows the short run. curve for a small manufacturing firm in the 12.0- 11.0 Using the point drawing tool, indicate on the cost curve a point where marginal cost is unambiguously decreasing, and label this point 'A'. Carefully follow the instructions above, and only draw the required objects. 100- 9.0 G 8.0 7.0 6.0 5.0 Total Cost ($ housands per day) 4.0- 3.0 20 1.0 00 0.0 0.5 10 15 20 25 30 35 40 45 50 Output (hundreds of units per day)
The graph to the right shows the short run. curve for a small manufacturing firm in the 12.0- 11.0 Using the point drawing tool, indicate on the cost curve a point where marginal cost is unambiguously decreasing, and label this point 'A'. Carefully follow the instructions above, and only draw the required objects. 100- 9.0 G 8.0 7.0 6.0 5.0 Total Cost ($ housands per day) 4.0- 3.0 20 1.0 00 0.0 0.5 10 15 20 25 30 35 40 45 50 Output (hundreds of units per day)
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Transcribed Image Text:K
The graph to the right shows the
short run.
curve for a small manufacturing firm in the
12.0-
11.0
Using the point drawing tool, indicate on the cost curve a point where marginal cost is
unambiguously decreasing, and label this point 'A'.
Carefully follow the instructions above, and only draw the required objects.
Total Cost ($ thousands per day)
10.0-
9.0-
G
8.0-
7.0-
6.0-
5.0
4.0-
3.0-
2.0
1.0+
00+
00 05 10 15 20 25 30 3.5 4.0 4.5 5.0
Output (hundreds of units per day)
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