Manually create the graphs in questions A-D. On each graph, be sure to clearly label each axis and each curve. Use a Scanning App, scan
Manually create the graphs in questions A-D. On each graph, be sure to clearly label each axis and each curve. Use a Scanning App, scan the answers and upload here. A. Create a graph. On that graph. show the following curves; clearly label each axis and curve -Average Total Cost, Marginal Cost, Average Variable Cost and Average Fixed Cost B. identify one cost curve shifter, Graph the change in the cost curve(s) shown in A- clearly indicate the direction of the shift and whether it represents an increase or decrease. Clearly label each curve, and each axis. C. What is the formula for the short run shutdown point. Why is this the signal for the firm to shut down in the short run? D. Create a new graph showing only these three curves: Average Total Cost, Marginal Cost and Average Variable Cost: Shade the area in the graph that represents Average Fixed Cost
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