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:
Deferred Tax Liability
A tax obligation arising from temporary differences between accounting and tax treatments of certain items, to be paid in the future.
Tax Deductible
Expenses that are subtracted from gross income to reduce taxable income, leading to a decrease in the amount of taxes owed.
Operating Expenses
Costs associated with the day-to-day operations of a business, excluding the cost of goods sold.
Tax Rate
The percentage at which an individual or corporation is taxed, varying according to the amount of income or profit made.
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