Question: Figure 22-2 A graph shows Quantity on the horizontal axis and Price and Cost on the vertical axis. A dashed vertical line rises from the

Figure 22-2 A graph shows Quantity on the horizontal axis and Price and Cost on the vertical axis. A dashed vertical line rises from the horizontal intercept (Q sub 1, 0). A horizontal demand curve is plotted with a vertical intercept of (0, P sub 1), labeled d, MR. A dashed horizontal line extends from the vertical axis above P sub 1 to the dashed vertical line. The point where this dashed horizontal line intersects the dashed vertical line is labeled AVC. A second dashed horizontal line lies above the first dashed horizontal line from the vertical axis to the vertical dashed line. The point where this dashed horizontal line intersects the dashed vertical line is labeled ATC. This combination of dashed and solid lines along with the axes has created three rectangular-shaped areas. The coordinates of the boundaries of area 1 are as follows: ? (0, 0) ? (0, P sub 1) ? (Q sub 1, P sub 1) ? (Q sub 1, 0) The coordinates of the boundaries of area 2 are as follows: ? (0, P sub 1) ? (0, AVC) ? (Q sub 1, AVC) ? (Q sub 1, P sub 1) The coordinates of the

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