These are the cost and revenue curves associated with a firm. 
Assuming the firm in the graph shown is producing Q1 and charging P3,it is likely showing the cost and revenue curves of a monopolistically competitive firm that is:
Definitions:
Elasticity of Supply
Elasticity of supply measures the responsiveness of the quantity supplied of a good or service to a change in its price.
Shifting Resources
The reallocation of resources from one use to another, often in response to changing economic conditions or priorities.
Software Upgrade
The process of replacing a software version with a newer, often more improved or secure version.
Demand Curve
A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers.
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