There are currently one thousand producers of soybeans, each with identical economic costs like those in diagram A below. (I changed the costs so that you can use a more stereotypical U-shaped curve.) The market demand for soybeans is shown in diagram B below. A. Cost Situation for B. Market Supply and Each Soybean Producer Demand for Soybeans 1.m 15 1 232 5 5 7 10 2 3 5 6 7 10 (thousands of soybeans per week) (millions if soybeans per week) A. Plot on diagram B the current market supply curve for soybeans and label this curve "5". (Ask how much each producer will supply at the various prices, and figure how much the total supply from all thousand producers together will be at those prices. Note one million is a thousand thousand.) B. Place a dot at the minimum of the average total cost and the average variable cost. Remember that those points represent the minimum level and if we are not at those