Please help just draw one graph with these traits. Assume monopolistic competition. Pretend a firm is a coffee shop that sells coffee.

1. Sketch the average total cost curve.

2. Sketch the average variable cost curve andthe average fixed cost curve,

3. Sketch the marginal cost curve.

4. Sketch demand and andmarginal revenue. 5. Indicate the quantity on the horizontal axis where profit is maximized on the graph.

6. Indicate an equation that must be true when profit is maximized.

7. Suppose the firm goal is to sell as much coffee as possible without incurring a negative profit. Indicate the quantity on the horizontal axis where this occurs on the graph.

8. Indicate an equation that is true when the firm breaks even.

9. Suppose the firm goal is to maximize revenue. Indicate the quantity on the horizontal axis where this occurs on the graph.

10. Indicate an equation that is true when the firm maximizes revenue.