Graph the Total Cost and the Total Revenue. Show the profit maximizing output. 300 200 100 10 15 20 25 30 35 40 45 50 55 60 65 70 5. Assume that the price of soybeans has increased. Which curve will be affected? 6. Draw a new total revenue curve to illustrate an increase in price. Find the new profit maximizing point. 7. Assume that N.P parents realize that she is not frequently changing oil in the tractor and the tractor is depreaciating. They decide to increase the rent on the tractor. Which curve will be affected? 6. Draw a new total cost curve to illustrate an increase in costs. Find the new profit maximizing point