Graph the function and completely discuss the graph. 
Definitions:
Short Run
A period in economics during which some factors of production are fixed, limiting the ability of a business to fully adjust to market changes.
Long Run
An economic term referring to a period during which all inputs or factors of production can be varied, and there are no fixed constraints.
Average Fixed Costs
The fixed costs (those not changing with output level) of production divided by the quantity of output produced.
Marginal Cost
The extra expense incurred from manufacturing an additional unit of a product or service.
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