Question: Using the cost and revenue graphs in Figure 4.52, sketch the following functions. Label the points q 1 and q 2 . (a) Total profit

Using the cost and revenue graphs in Figure 4.52, sketch the following functions. Label the points q1 and q2.


(a) Total profit


(b) Marginal cost


(c) Marginal revenue


$ 91 C(q) Figure 4.52 92 R(q) 9

$ 91 C(q) Figure 4.52 92 R(q) 9

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