Frank's firm produces apples. Draw Frank's short-run supply curve. Why is only part of Frank's short-run supply curve the same as its marginal cost curve? Draw three points on Frank's short-run supply curve: 1) When the market price of apples is $82 a crate the firm produces 7.5 crates. Label the point 1. 2) When the market price is $49 a crate the firm produces 6 crates. Label the point 2. 3) When the market price is $34 a crate the firm either produces 5 crates or shuts down. Frank decides to produce 5 crates. Label the point 3. Draw Frank's supply curve above the shutdown point. Label it S;. Draw Frank's supply curve below the shutdown point. Label it S,. Price (dollars per crate) 100 80 60 40 20 0O 0 1 2 38 4 5 6 7 8 9 10 Quantity (crates of apples per day) >>> Draw only the objects specified in the question. o9 &