X X Sign in Homework: Perfect Competition X MindTap - Cengage Learning Dashboard X + C https:/g.cengage.com/staticb/ui/evo/index.html?deploymentld=5813538219621591114194498&eISBN=978133... CENGAGE | MINDTAP Q Search this course ? Homework: Perfect Competition (Ch 22) X 4. Deriving the short-run supply curve Consider the perfectly competitive market for halogen lamps. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the industry. A-Z E (? EI + 80 72 64 bongo 56 48 PRICE AND COST PER UNIT (Dollars) 40 ATC 32 A+ ? 24 16 8 AVC O MC O C 8 16 24 32 40 48 56 64 72 80 QUANTITY OF OUTPUT (Thousands of lamps) 12:07 PM 48.F Q Search W 3/29/2024 PRE Partly sunny@ . [ &9 Homework: Perfect Competition X {'_' MindTap - Cengage Learning X u Dashboard X l + - o 4] ]e |4 |4 4 ]e e |4 60 On the following graph, use the orange points (square symbol) to plot points along the portion of the firm's short-run supply curve that corresponds to prices where there is positive output. (Note: You are given more points to plot than you need.) @ 80 O 72 o Firm's Short-Run Supply 56 amp) 38 (O search O - @@ i ~Gasaoo SUe 0 @ . [ &9 Homework: Perfect Competition X {'_' MindTap - Cengage Learning X u Dashboard X l + - o You are given more points to plot than you need.) @ On the following graph, us to prices where there is pq 80 O 72 o Firm's Short-Run Supply 56 amp) Q Search 0 - o a3 ~Gasao oo 0 @ . [ &9 Homework: Perfect Competition X {'_' MindTap - Cengage Learning X u Dashboard X l + - o Shut down ~ > 60 v v v On the following graph, use the orange points (square symbol) to plot points along the portion of the firm's short-run supply curve that corresponds to prices where there is positive output. (Note: You are given more points to plot than you need.) @ 80 O 72 o Firm's Short-Run Supply 56 amp) 38 (O search O - @@ i ~Gasaoo SUe 0 @ . [ &9 Homework: Perfect Competition X {'_' MindTap - Cengage Learning X u Dashboard X l + - o