The diagram was intended to illustrate the MC and AVC curves that correspond to each other. Explain why the diagram below is incorrect. 
Definitions:
Availability Heuristic
A mental shortcut that relies on immediate examples that come to mind, affecting how people assess the frequency or importance of events.
Research Proposal
A research proposal is a document outlining a planned investigation on a specific topic, including methodology, objectives, and significance.
Semantics
The study of meaning in language, including the meanings of words, phrases, and sentences.
Syntax
The set of rules, principles, and processes that govern the structure of sentences in a given language, especially the arrangement of words and phrases.
Q2: How can learning by doing and economies
Q3: Under what assumption(s) is the production possibilities
Q5: Behavioral economists attempt to take into account
Q6: If one were to observe the short-run
Q9: Given the following individual demand tables
Q12: Give three real world examples of price
Q15: How do traditional and behavioral economists differ
Q20: What are free trade associations? Explain why
Q23: Define consumer surplus and producer surplus.
Q32: What is the central characteristic of oligopoly?