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mylab.pearson.com C + ECN 104 - F2025 - Section 011 Noorman Hothi Homework: Homework 3 Question Part 2 of 2 Completed: 12 of 60 | My score: 12/60 pts (20%) Save Minimize list To the right is the average total cost curve for a competitive firm. What is the relationship between the average total cost curve (ATC) and the marginal Question | 1/1 pt cost curve (MC)? MC 1.) Using the 3-point curve drawing tool, draw the marginal cost curve for this firm in a Average Review Question 2 competitive market. Label your curve 'MC' Total Cost 17 Question | 1/1 pt O Carefully follow the instructions above and only draw the required object. Price Concept Question 6.1.2 When the ATC curve is decreasing, we know that the MC curve is 12 Question | 1/1 pt , and when the ATC curve is increasing, we know that MC is Review Question 4 13 Question | 0/1 pt Quantity Review Question 6 14 Question | 0/1 pt O Review Question 7 15 Question | 0/1 pt Text Problem 3 16 Question | 0/1 pt O Text Problem 4 17 Question | 0/1 pt Text Problem 13 Etext pages Grapher Clear all Final check