3. Profit maximization using total cost and total revenue curves Suppose Paolo runs a small business that manufactures frying pans. Assume that the market for frying pans is a competitive market, and the market
price is $25 per frying pan.
The following graph shows Paolo's total cost curve.
Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for frying pans quantities zero through
seven (inclusive) that Paolo produces.