Please draw each graph clearly labeling P, Q and the areas for
TR, TC, profit, loss breakeven
Draw the MR, MC, AVC, ATC, Demand, supply, MC and MR for the
following situations. For each show (as done in class). For each of
these situations show the total revenue, total cost area, and shade
the profit or loss area, and if the situation is a shut down state
why it should shutdown.
A monopolist showing a profit
A monopolist showing a...