13 6.66 points a. In the diagram below, draw the shortrun market supply for prices of: $14, $30, and $46 Instructions: Use the tool provided 'SRMSC' to draw the short-run market supply curve Plot three points total. [3. In the same diagram below, draw the longrun market supply curve from zero to 4,000 units of output. Instructions: Use the tool provided 'LRMSC' to draw the longrun market supply curve; Plot only the end points starting at Q = 0 and intersecting the market demand cu rve' Your Graph Score: 40% Market Price $50 / / $40 LRMSC SRMSC $30 LRMsc $20 1 net\" .0- r4l_ III \"A\"; s Return to question 13 intersecting the market demand curve. Your Graph Score: 40% 6.66 Market points Price $50 $40 LRMSC SRMSC LRMSC $30 $20 D $10 0 1,000 2,000 3,000 4,000 5,000 QuantityReturn to question The diagram below, shows the costs for a typical (representative) firm in an industry with 100 identical firms. This industry experiences constant returns to scale. 13 6.66 points Typical Firm Price $50 P3 ___________________________ MO I : ATC $40 _- E 3P2 : $30 l --------------- . E Avc I g . .. I : . I $20 :P : i I '_-l---_ : i $10 ' i i ' _ I I : : l l : _ | ' I I I . I I ' 0 l I I l I l l 10 20 30 4O 50