Disposable Income Consumption $300 $310 350 340 400 370 450 400 500 430 Refer to the above data. The marginal propensity to consume is:

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