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A perfectly competitive nutmeg grower has the average total and marginal cost curves shown below. If the price of nutmeg is $8, a) use the
A perfectly competitive nutmeg grower has the average total and marginal cost curves shown below. If the price of nutmeg is $8, a) use the segment tool to add a marginal revenue curve to the graph (make your curve 10 units long); b) use the point tool to show the producer's ideal production point, and c) use the polygon tool to shade an area that represents the producer's profits. Segment . Point Polygon Undo Redo x Reset 10 9 6- Price of nutmeg 3 2 10 Quantity of nutmeg (thousands)
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