Draw perfectly elastic demand curve on top of standard curve


Problem

Draw a perfectly elastic demand curve on top of a standard U-shaped, average-total-cost curve. Now add in the marginal-cost and marginal-revenue curves. Find the profit-maximizing point, MR MC. Indicate the firm's total revenue and total costs.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Draw perfectly elastic demand curve on top of standard curve
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