File:Marginalcostcurveasshortrunsupplycurve.png

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Marginalcostcurveasshortrunsupplycurve.png(360 × 201 pixels, file size: 6 KB, MIME type: image/png)

This file was created using Wolfram Mathematica 7 with the following command:

Plot[x (x + 1), {x, 0, 5}, 
 AxesLabel -> {"Quantity q", "Marginal cost MC"}, 
 AxesOrigin -> {0, 0}, 
 Epilog -> {PointSize[0.02], Point[{1, 2}], Point[{4, 20}], Black, 
   Dashed, Line[{{1, 0}, {1, 2}}], Line[{{1, 2}, {0, 2}}], 
   Line[{{4, 20}, {0, 20}}], Line[{{4, 20}, {4, 0}}], 
   Text["A: marginal cost of 2 for quantity of 1", {2, 3}], 
   Text["B: marginal cost of 20 for quantity of 4", {2, 21}], 
   Text["marginal cost curve equals", {2, 27}], 
   Text["short-run supply curve", {2, 24}], 
   Text["At P = 20, firm produces quantity of 4", {2, 18}]}]

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Date/TimeThumbnailDimensionsUserComment
current17:02, 28 May 2012Thumbnail for version as of 17:02, 28 May 2012360 × 201 (6 KB)Vipul (talk | contribs)
22:31, 18 September 2010No thumbnail360 × 201 (6 KB)Vipul (talk | contribs)This file was created using [http://www.wolfram.com/mathematica Wolfram Mathematica 7] with the following command: <pre>Plot[x (x + 1), {x, 0, 5}, AxesLabel -> {"Quantity q", "Marginal cost MC"}, AxesOrigin -> {0, 0}, Epilog -> {PointSize[0.02], Po

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