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Elixir Spring's mineral water is unique and highly prized. The firm's total fixed cost is $1,000 a day and its marginal cost is zero. The
Elixir Spring's mineral water is unique and highly prized. The firm's total fixed cost is $1,000 a day and its marginal cost is zero. The table gives the demand schedule for bottles. Price Quantity (dollars per bottle) (bottles per day) 10 0 8 2,000 6 4,000 4 6,000 2 8,000 0 10,000 Draw the firm's demand curve. Label it D. Draw the firm's marginal revenue curve. Label it MR. Draw the firm's marginal cost curve. Label it MC. Draw a point at the profit-maximizing price and output. 12 Price and cost (dollars per bottle) 10 o 0 2000 4000 6000 8000 10000 12000 Quantity (bottles per day) >>> Draw only the objects specified in the
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