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700 650 Price 600 550 MC 500 450 400 A 350 P=MR 300 ATC 250 E AVC 200 150 100 50 0 1 2 3

700 650 Price 600 550 MC 500 450 400 A 350 P=MR 300 ATC 250 E AVC 200 150 100 50 0 1 2 3 4 5 6 7 8 9 10 11 12 Quantity What area in the graph above represents total economic profits for the firm

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