Using the graph below draw a marginal cost curve that would likely be the result. Use the output level of 200 as a reference point and explain why you drew it the way you did. 
Definitions:
Dividend Policy
A company's strategy or policy in deciding the size and pattern of dividend payments to its shareholders.
Payout Policy
The strategy a company uses to decide how much money it will distribute to shareholders through dividends or stock buybacks.
Long-Term Options
Options contracts with an expiration date longer than one year, offering the right to buy or sell an underlying asset at a set price in the future.
Strike Price
The predetermined price at which the holder of an option can buy or sell the underlying asset.
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