Markets and you: Maximizing profits . produce a marginal cost anlisis graph and answer these questions; Select a product Draw a marginal analysis graph title it the market for the product you chose. Label the axes, the marginal cost curve, marginal revenue curve and the profit maximizing quantity. Answer the reflection questions: What is the product and its price? What type of market does your product exists in? Why is the marginal cost curve the same basic shape, no matter the product? At the profit maximizing quantity, is the price of your product equal to, higher than or lower than marginal cost? Explain. Assume Qpm is 100 units. What is your total revenues? Why would an already successful business owner conduct a marginal cost analysis for their product?