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Suppose that a group of physicians establishes a joint practice in a remote area. This group provides the only 42 health care available to people in the local community, and its objective is to maximize total econo c profits for the groups members. The adjacent graph shows the demand (D) and the marginal revenue (MR) curves for health care 32 services as faced by the group. The price of health care services is measured in hundred dollars Price (in hundred The marginal cost of providing health care by the group is given to be $1,200. 1.) Using the line drawing tool, draw the marginal cost curve and label it MC 12- 2.) Using the point drawing tool, locate the profit-maximizing price and quant ity. Label itA Carefully follow the instructions above, and only draw the MR required objects 2 6 10 12 14 16 18 20 22 Quantity of Health Care (in hundreds)

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