Question: 6. Using the graph below, answer these questions (for b through f, estimate numbers from the graph) (12 points[ total) a. Label the curves using

6. Using the graph below, answer these questions (for b through f, estimate numbers from the graph) (12 points[ total) a. Label the curves using the rectangular boxes (ATC, AVC, PRICE, MC). (2 points) Box A represents Box C represents Box B represents Box B represents b. What is this market's price? (2 points) C. At what quantity of output will this firm produce? (2 points) d. What is Average Total Cost/Unit at this level of production? (2 points) e. What is Profit/Unit at this level of production? (2 points) f. What is Total Profit at this level of production? (2 points) Page 1 of 2

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