Including scholarships and financial aid, Madeline has $41,000 to spend on college. If the total cost of her college education is
she will have
enough resources to pay.

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g