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Is Alphayo available to continue to help me show me how to draw a graphic? (1) the three production function relationships in value terms(TRP, ARP,
Is Alphayo available to continue to help me show me how to draw a graphic? (1) the three production function relationships in value terms(TRP, ARP, MRP) and MFC. Please show the stages of production and the point of diminishing returns. Label it point D. Show level of Profit Max. (Label Point M.) (2) Total Cost Curves and Total Revenue Line. Show level of Profit Max. (Label Point M.) Show the location of the breakeven. (Label as BE).) (3) Per Unit Cost Curves and Marginal Revenue. Show level of Profit Max. (Label Point M) Show the stages of production and the point of diminishing returns. Label it Point D. What output is most profitable? At what level of input usage is the Point of Diminishing Returns? At what level of input usage does Stage II begin? If the price of output fell to $10, what would the Marginal Revenue be where X=4? If the price of the input dropped to $5, what would MFC equal whereX=8? At the point of diminishing returns, what is that value of MC? How does this MC amount compare to the other values of MC calculated at other levels of production
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