4% Dashboard - Antelope Valley C: X ey MindTap - Cengage Leaming [ R CENGAGE | MINDTAP Qs b4 Homework (Ch 07) Consider the perfectly competitive market for sports jackets. 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. m @ > (U 100 @ = ' z 42.5,60 = % w0 L x ~ o g 5 S g 5 z v A % = > > 50 - v - [ On the following graph, use the orange points (square symbol) to plot points along the portion of the firm's shor run supply curve that corresponds to prices where there is positive output. (Note: You are given more points to plot than you need.) - ) Firmis Short-Run Supply ckel) PRICE (Dallrs per b4 m @ > (U 4% Dashboard - Antelope Valley C: X Homework (Ch 07) ey [ R CENGAGE ' MINDTAP 10 20 32 40 50 60 4 |q |4 [ |q |4 C 4 |q 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.) PRICE {Dollars per jacket) 100 @ 70 5 10 15 2 B W B/ N 45 QUANTITY OF QUTPUT (Thousands of jackets) o Firm's Short-Run Supply @ Continue without saving