The following graph shows the average and marginal cost curves for Kandi Keynes, a perfectly competitive firm. ATC AVC 40 MC Tools 36 32 MR1 MR2 28 24 20 MR3 Price/costs 16 12 8 4 0 1 2 3 4 6 7 8 9 10 17 12 13 14 15 Output per perioda. If the price is $24, draw in the marginal revenue curve, and label it MR1. Plot only the end points on the graph above. b. At this price, what are the break-even output(s), the profit-maximizing output, and the level of total profits at that output? Break-even output(s): and profit-maximizing output: for a total profit of $ c. Draw a marginal revenue curve, labelled MR2, which ensures that, at best, the firm breaks even. Plot only the end points on the graph above. d. What is the corresponding value of the price (marginal revenue)? Price: $ :| e. Draw a marginal revenue curve, labelled MR3, which ensures that, at best, the firm just remains in operation. Plot only the end points on the graph above. f. What is the corresponding shutdown price? Shutdown price: $[ |