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I need to plot the graphs below. Suppose Jacques runs a small business that manufactures frying pans. Assume that the market for frying pans is
I need to plot the graphs below.
Suppose Jacques runs a small business that manufactures frying pans. Assume that the market for frying pans is a competitive market, and the market price is $20 per frying pan. The following graph shows Jacques's total cost curve.
Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for frying pans quantities zero through seven (inclusive) that Jacques produces (graph below)
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