Use your graphing calculator to graph the function between 
and 
. Show the graph of 
, 
, and 
. (Make sure your calculator is set to radian mode.) 
Definitions:
Average Fixed Costs
Fixed costs divided by the quantity of output produced, indicating the fixed cost per unit of output.
Constant Returns to Scale
The situation in which a proportional increase in all inputs leads to an equal proportional increase in output.
Wage Rate
The standard amount of compensation paid to an employee per unit of time worked, typically expressed on an hourly or monthly basis.
Competitive Market
A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product that is similar across suppliers, leading to price determination by supply and demand.
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