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typewritten please thankyou reference : https://drive.google.com/drive/folders/1TEm2elF5WVZcRa2qibE8bhDcl5Vrw-1k?usp=sharing Graph Analysis ( 2 points each) TC TC/TR B TR A Output 1. Describe the area found in A.
typewritten please thankyou
reference : https://drive.google.com/drive/folders/1TEm2elF5WVZcRa2qibE8bhDcl5Vrw-1k?usp=sharing
Graph Analysis ( 2 points each) TC TC/TR B TR A Output 1. Describe the area found in A. 2. Describe the area found in B. 3. Why should the shape of TR look like that? 4. Why should the shape of TC cubic? 5. What is the value of total cost when output is zero? 6. What is meant by the intersection of TR and TC? 7. How do you determine the maximum profit given this graph? 8. How do we get the TR value from the TP curve? 9. Graph the fixed cost function. 10. When the business is at break even, is it advisable to continue? WhyStep by Step Solution
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