3. Profit maximization using total cost and total revenue curves Suppose Lorenzo runs a small business that manufactures teddy bears. Assume that the market for teddy bears is a pricetaker market, and the market price is $10 per teddy bear. The following graph shows Lorenzo's total cost curve. Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for the first seven teddy bears that Lorenzo produces, including zero teddy bears. /'\\ '8, 125 Total Cost 0 100 |:| 1.; Total Revenue E 8 75 A UJ 3 P it ran LIJ > 50 LIJ II E