$16 $16 Cost $14 MC Cost $12 ATC $14 MC $10 $12 P-MR ATO AVG $10 AVd $8 $6 $6 $4 $4 $2 $2 0 (A) 5 10 15 20 25 30 35 40 45 50 0 5 10 15 20 25 30 35 40 45 50 Quantity of output (B) Quantity of output $16 $14 Cost MC $12 P=MR $10 ATC $8 AVO $6 $2 $0 0 5 10 15 20 25 30 35 40 45 50 (9) Quantity of output Graph A: Price Quantity Calculations: (P - ATC)*Q=TP or Loss Graph B: Price Quantity Calculations: (P - ATC)*Q =TP or Loss: Graph C: Price Quantity Calculations: (P- ATC)*Q =TP or Loss