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4. Proiit maximization in the costcurve diagram The following graph plots daily cost curves for a firm operating in the competitive market for rompers. Hint:

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4. Proiit maximization in the costcurve diagram The following graph plots daily cost curves for a firm operating in the competitive market for rompers. Hint: Once you have positioned the rectangle on the graph, select a point to observe its coordinates. .5 H Prot or Loss 3\" ATC 15 PRICE (Dollars per romper) I 0 AFC u 2 4 s 3 1o 12 14 16 1s 2:: QUANTITY (Thousands of rompers per day] In the short run, given a market price equal to $15 per romper, the rm should produce a daily quantity of V rompers. On the preceding graph, use the blue rectangfe (circle symbols) to h' in the area that represents profit or loss of the rm given the market pn'ce of $15 and the quantity of production from your previous answer. Note: In the following question, enter a positive number regardless of whether the rm earns a profit or incurs a loss. The rectangular area represents a short-run V of- thousand per day for the rm

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