6 Safari File Edit View History Bookmarks Develop Window Help . Sun Oct'lG 6:24 PM . . ED v [j Engcengagetom n ,i: , i : lc MindTap-Ce... E some a : ':~ CENGAGE I MINDTAP Q Search this course Topic 3 Assignment X 2. Ch. 7 Problems and Applications Q5 Alex owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. Here is the cost he incurs to produce each bottle of water: Cost of rst bottle: $1 Cost of second bottle: $3 Cost of third bottle: $5 Cost of fourth bottle: $7 From this information, complete the following table by deriving Alex's supp/y schedule. Price Quantity Supplied $1 or less $1 to $3 $3 to $5 $5 to $7 More than $7 Based on Alex's willingness to sell, plot his supply curve as a step function on the following graph using the orange points (square symbol). Be sure to plot your rst point at (0, a). aaeeasuwr Safari File Edit View History Bookmarks Develop Window Help M Q Sun Oct 16 6:25 PM ng.cengage.com X + G how to scree.. Student Porta... h ENT-320 Top.. VistaPrint | St... C MindTap - Ce... Course Hero W Prohormone.. K Best SARMS. The Safety, P. ot CENGAGE |MINDTAP Q Search this course ? 6 PM X Topic 3 Assignment ot Based on Alex's willingness to sell, plot his supply curve as a step function on the following graph using the orange points (square symbol). Be sure to 4 PM E plot your first point at (0, 0). A-Z pt OPM 10 Alex's Supply ot +- 7 PM ? 6 Price = $4 Price of Water bongo ot Quantity Sold 8 PM w N Producer Surplus ot 5 PM 0 A+ Quantity of Water Suppose the price of a bottle of water is $4. 4,560 OG1 12 16 Safari File Edit View History Bookmarks Develop Window Sun Oct'lG 6:25 PM 0 0 ED V