Homework (Ch 14) 6. Deriving the short-run supply curve The following graph plots the marginal cost (MC) curve, average total cost (ATC) curve, and average variable cost (AVC) curve for a firm operating in the competitive market for snapback hats. COSTS (Dollars) 80 72 64 56 48 ATC 32 24 16 8 AVC MC- ° 8 16 24 32 40 48 56 64 72 80 QUANTITY (Thousands of snapbacks)

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