Question: Please Help fQuestion 7 3 pts (3 points) Using Scenario B/Table B, draw this firm's Supply curve on Graph 3. You should construct a supply
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\fQuestion 7 3 pts (3 points) Using Scenario B/Table B, draw this firm's Supply curve on Graph 3. You should construct a supply curve as we did in lecture with point A representing the original price and output combination from scenario A (original price was $20 combined with the profit maximizing Q of 28) and point B representing the price and output combination after the change in economic conditions in Scenario B (price rose to $23, and the profit maximizing Q you found in your answer for #2 above). Connect the two points and label your supply curve. This work is to be done on your Homework 03 Graphing template D. You will upload this work, along with other work to be done on the template, to question #31 at the end of this HW. Enter the word "Finished" into the text-box below when ready to move on. Edit View Insert Format Tools Table 12pt Paragraph * B I U A & T V V DV p O words >SCENARIO B: Suppose that due to favorable economic conditions, the price that this firm can sell its product for rises to $23. For question 1, fill in Table B. Each box is worth 12 point for a total of 9 points. TABLE B- The wage is still $150 and the price of output (Q) is now $23. L Q MP MRP Marginal Profit Total Profit 0 0 0 $ $ $ 18 8 184 34 34 $ $ 2 20 12 276 126 160 $ $ 3 28 8 184 34 194 $ 4 35 7 161 11 205 $ $ 5 41 6 138 -12 193 $ $ 6 45 4 92 -58 135
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