Question: Use the graph to answer the question that follows. MSC Price (S) MPC pc PP MSB Q' Quantity10 9 7 Long Run Average Total Costs

Use the graph to answer the question that follows.

MPC pc PP MSB Q' Quantity10 9 7 Long Run Average Total

MSC Price (S) MPC pc PP MSB Q' Quantity10 9 7 Long Run Average Total Costs 6 A D Cost 4 B C W 2 4 5 6 7 8 9 10 OutputQuantity of Labor |MP of Labor Quantity of Capital MP of Capital 40 50 2 45 2 40 35 3 35 4 20 4 20 5 5 5 5Price Supply B E P2 T F C H I P3 D K G L Demand Q1 Q2 Q3 Quantity (units)

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