Question: 1. Using the following figure and the shape function, draw a graphical representation of profits if the current market price is $2,200. MC 2400 2200

1. Using the following figure and the shape function, draw a graphical representation of profits if the current market price is $2,200. MC 2400 2200 2000 MC. ATC ATC 1800 AVC 1600 1400 1200 0 20 40 60 80 100 Quantity\f3. Using the following figure and the shape function, draw a graphical representation of profits if the current market price is $1,400. MC 2400 2200 2000 MC, ATC ATC 1800 AVC 1600 1400 1200 0 20 40 60 80 100 Quantity

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