Module 59 Featured Worksheet Graphing Perfect Competition in the Short Run 1. Draw a correctly labeled perfectly competitive rm earning economic prot in the short run. Label the MC, ATC, and MR curves. Shade in prot. 2. Draw a correctly labeled perfectly competitive rm earning an economic loss in the short run. Label the MC, ATC, and MR curves. Shade the loss. 3. What would be true in a shutdown case for a perfectly competitive rm in the short run? 4. Use the information below for a perfectly competitive rm that is maximizing its prot to calculate each of the following. Show your work. ' Price=$15 ' Q= 10 ' ATC=$10 a. TR= b. TC= c. Prot= (1. Profit per unit= 5. Assume a rm maximizes prot producing a quantity of 10, ATC is $12 and price is $5. Calculate each of the following. Show your work. a. TR= $5>