Answer to Question #318894 in Microeconomics for Candace

Question

Draw a curve that represents that the more you study, the higher your GPA. Put GPA on the vertical axis and study time in hours. Label the curve "effort"

Draw a curve that represents that as the price of something decreases, the amount demanded increases. Put price on the vertical axis and quantity on the horizontal axis. Label the curve "D"

Draw a curve that shows that initially the cost of a good decreases the higher the quantity produced, but at some point the cost starts to increase instead. Put cost on the vertical axis and quantity on the horizontal axis. Label the curve "cost".

Answer 1

The answer to your question is provided in the image: