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We were unable to transcribe this imageGiven the earlier information, Manuel $2.25 per can. ▼ correct...

Question:

Given the earlier information, Manuel $2.25 per can. ▼ correct in his assertion that BYOB should charge Suppose that a techno

We were unable to transcribe this image
Given the earlier information, Manuel $2.25 per can. ▼ correct in his assertion that BYOB should charge Suppose that a technological innovation decreases BYOB's costs so that it now faces the marginal cost (MC) and average total cost (ATC) given on the following graph. Specifically, the technological innovation causes a decrease in average fixed costs, thereby lowering the ATC curve and moving the MC curve. Place the black point (plus symbol) on the following graph to indicate the profit-maximizing price and quantity for BYOB. If BYOB is making a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit. On the other hand, if BYOB is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing the loss 4.00 3.50 Monopoly Outcome 3.00 2.50 Profit 2.00 Loss О 1.50 ATC 1.00 0.50 MC MR 0.5 1.0152.0253.03.54.0 QUANTITY (Thousands of cans of beer)

Answers

TC 2.0 1,sa ь.so MR a n MR and exterdod to The demard price 千2.RS-Mu 9wa^^ 江250 car as atuan Dolla pa can( 2.002 ce NO 2 ern)

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