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I need help to draw those graph ! On x and y axes, draw ATC, AVC and MC curves and four alternative demand curves that
I need help to draw those graph !
On x and y axes, draw ATC, AVC and MC curves and four alternative demand curves that the perfectly competitive firm might face.
a) Draw D1 such that the firm makes a profit.
b) Draw D2 such that the firm breaks even (profit=0).
c) Draw D3 such that the firm is at its shut down point.
d) Draw D4 such that the firm would shut down rather than produce.
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