Frank's firm produces firewood Draw three points on Frank's supply curve 1) When the market price...

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Frank's firm produces firewood Draw three points on Frank's supply curve 1) When the market price of firewood is $82 a bundle the firm produces 7.5 bundles. Label the point 1. 2) When the market price is $48 a bundle the firm produces 6 bundles. Label the point 2 3) When the market price is $34 a bundle the firm either produces 5 bundles or shuts down. Frank decides to produce 5 bundles. Label the point 3. Draw Frank's supply curve above the shutdown point. Label it S. Draw Frank's supply curve below the shutdown point. Label it S 140- 120- 100- 80- 60- 40- 20 Price (dollars per bundle) Question 0 0 1 2 3 4 5 6 7 8 9 10 Quantity (bundles of firewood per day) >>> Draw only the objects specified in the question. Frank's firm produces firewood Draw three points on Frank's supply curve 1) When the market price of firewood is $82 a bundle the firm produces 7.5 bundles. Label the point 1. 2) When the market price is $48 a bundle the firm produces 6 bundles. Label the point 2 3) When the market price is $34 a bundle the firm either produces 5 bundles or shuts down. Frank decides to produce 5 bundles. Label the point 3. Draw Frank's supply curve above the shutdown point. Label it S. Draw Frank's supply curve below the shutdown point. Label it S 140- 120- 100- 80- 60- 40- 20 Price (dollars per bundle) Question 0 0 1 2 3 4 5 6 7 8 9 10 Quantity (bundles of firewood per day) >>> Draw only the objects specified in the question.