4. Profit maximization in the cost-curve diagram The following graph plots daily cost curves for a rm operating in the competitive market for motor scooters. Hint: Once you have positioned tile rectangle on the graph, select a point to observe its coordinates. 100 T 90L m l 89 -- 70+ 60-y- Prot or Loss 40 30 PRICE (Dollars per scooter) 20 10 - i i l I I i ' i 0 10 20 30 40 50 60 70 80 90 100 QUANTITY (Thousands of scooters per day) in the short run, given a market price equal to $45 per scooter, the rm should produce a daily quantity of V scooters. On the preceding graph, use the blue rectangle (circle symbols) to fill in the area that represents prot or loss of the rm given the market price of $45 and the quantity of production from your previous