The graph shows the supply curve of haircuts and the market price of a haircut. Price (dollars per haircut) 30.00- Draw a point to show the minimum supply price of the 10th haircut. Label it 1. Market 25.00 Draw a point to show the marginal cost of the 30th price haircut. Label it 2. 20.00- Draw an arrow to show the producer surplus on the 30th haircut. 15.00- 10.00- What is the producer surplus on the 30th haircut? 5.00- The producer surplus on the 30th haircut is $ 0.00- 30 20 Quantity (haircuts per day) 10 40 50 >>> Draw only the objects specified in the question.

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