For this assignment, you will produce a marginal cost analysis graph and create a scenario that explains where the firm should set price and quantity levels.
Step One: Launch the data file to get started. Print or copy the data table before continuing to step two.
Step Two: Determine a product market (a specific good or service) appropriate to the prices listed. Make this the title of your graph and data table.
Step Four: Create a graph of the data. Quantity is along the x-axis and price is along the y-axis. Graph the marginal revenue curve and the marginal cost curve.
Step Five: Answer the following reflection questions. You will submit your responses with your data table and graph to your instructor.
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