Problem 5 Using the figure below [and using pencil) = Label the axes to be consistent with a total cost curve in the top graph. and marginal and average cost below. Label the total cost curve. marginal cost curve. and average cost curve Label the minimum average cost. = Verify this using the total cost curve and the relation bebween a ray from the origin and the definition of marginal cost. + Assume a price of $25 per unit Does the Arm operate? Assume a price of $100 per unit. Add the marginal revenue/average revenue curve to the figure. and draw the area representing profit on the fgure. (please graph this well and explain cause | don't understand the graphing on this) Problem 5 Using the figure below (and using pencil) A. Label the axes to be consistent with a total cost curve in the top graph, and marginal and average cost below. Label the total cost curve, marginal cost curve, and average cost curve. B. Label the minimum average cost. C. Verify this using the total cost curve and the relation between a ray from the origin and the definition of marginal cost. D. Assume a price of $25 per unit. Does the firm operate? E. Assume a price of $100 per unit. Add the marginal revenue/average revenue curve to the figure, and draw the area representing profit on the figure