ED ng.cengage.com C Q u + Student Home Bb Homework (Ch 14) - 2022SP Prin of Micr.. Mind Tap - Cengage Learning Mail - Jade Olivia Cowan - Outlook Mail - Jade Olivia Cowan - Outlook Jade CENGAGE | MINDTAP Q Search this course Homework (Ch 14) X 6. Deriving the short-run supply curve Consider the competitive market for halogen lamps. 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. ? 100 8 8 ATC 8 8 8 8 8 COSTS (Dollars) AVC 0 5 20 25 30 35 40 45 50 QUANTITY (Thousands of lamps) MacBook Air esc 00 W # w O T Y R Q W E ab K G H J S D A .U lock B N M X C Z option L 96 command ontrol option command ng.cengage.com Student Home Bb Homework (Ch 14) - 2022SP Prin of Micr. MindTap - Cengage Learning Mail - Jade Olivia Cowan - Outlook Mail - Jade Olivia Cowan - Outlook Jade v ng.cengage.com C Student Home Bb Homework (Ch 14) - 2022SP Prin of Micr.. MindTap - Cengage Learning 0Mail - Jade Olivia Cowan - Outlook Mail - Jade Olivia Cowan - Outloo & Jade v CENGAGE | MINDTAP Q Search this course Homework (Ch 14) X symbol) on the graph to indicate the short-run equilibrium price and quantity in this market. Note: Dashed drop lines will automatically extend to both axes. ? 100 90 Industry's Short-Run Supply 80 -Demand 70 Equilibrium 1 2 PRICE (Dollars per lamp) 8 8 8 30 20 10 0 40 80 120 160 200 240 280 320 360 400 QUANTITY ( Thousands of lamps) At the current short-run market price, firms will in the short run. In the long run, O Grade It Now Save & Continue Continue without saving MacBook Air 30 esc 00 O P U T Y W E R . . . tab K G H F S D A ps lock M B Z X C option 17 96 command command control option