Economics- Marginal Analysis

ECO NDMICS - Maminel Anelis Complete this problem In three {3} steps: ['1] Fill in Table 1. Assume xed costs are $10.) and price is 5E5. [2] Use the graph paper to draw a graph of the firm's demand-marginal revenue, average variable cost. average total cost, and marginal cost curves. Label the graph correctly and indicate the shut-down and break-even points. short and long mn supply curves. TIP: Graph the U\" shaped MG curve rst. then add the 'U' shaped AVG and ATE curves. [3] Calculate total prot below and answer A through D. Total Prot = 'iSales Price-ATE] A. The minimum acceptable price in the short run is B. The minimum price in the long mm is G. The output at which the rm would maximize prots would be . Fill In the table below What would rm What would rm do How much would do In long nIn? in short mn? output be In the short run