CENGAGE MINDTAPAssignment 8 (Ch 14)1+0012345678910QUANTITY (Millions of small boxes)Suppose that Talero is one of more than a hundred competitive firms in Houston that produce such cardboard boxes.$5Based on the preceding graph showing the daily market demand and supply curves, the price Talero must take as given isFill in the price and the total, marginal, and average revenue Talero earns when it produces 0, 1, 2, or 3 boxes each day.Average Revenue(Dollars per box)Total RevenueQuantity(Вохes)PriceMarginal Revenue(Dollars per box)(Dollars)(Dollars)112The demand curve that Talero faces is identical to which of its other curves? Check all that apply.Marginal revenue curveMarginal cost curveSupply curveAAA The following graph shows the daily market for small cardboard boxes in HoustonDemand10Supply972100234567910QUANTITY (Millions of small boxes)Suppose that Talero is one of more than a hundred competitive firms in Houston that produce such cardboard boxes.$5Based on the preceding graph showing the daily market demand and supply curves, the price Talero must take as given isPRICE (Dollars per small box)

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Asked Oct 28, 2019
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CENGAGE MINDTAP
Assignment 8 (Ch 14)
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0
0
1
2
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4
5
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10
QUANTITY (Millions of small boxes)
Suppose that Talero is one of more than a hundred competitive firms in Houston that produce such cardboard boxes.
$5
Based on the preceding graph showing the daily market demand and supply curves, the price Talero must take as given is
Fill in the price and the total, marginal, and average revenue Talero earns when it produces 0, 1, 2, or 3 boxes each day.
Average Revenue
(Dollars per box)
Total Revenue
Quantity
(Вохes)
Price
Marginal Revenue
(Dollars per box)
(Dollars)
(Dollars)
1
1
2
The demand curve that Talero faces is identical to which of its other curves? Check all that apply.
Marginal revenue curve
Marginal cost curve
Supply curve
AAA
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CENGAGE MINDTAP Assignment 8 (Ch 14) 1 + 0 0 1 2 3 4 5 6 7 8 9 10 QUANTITY (Millions of small boxes) Suppose that Talero is one of more than a hundred competitive firms in Houston that produce such cardboard boxes. $5 Based on the preceding graph showing the daily market demand and supply curves, the price Talero must take as given is Fill in the price and the total, marginal, and average revenue Talero earns when it produces 0, 1, 2, or 3 boxes each day. Average Revenue (Dollars per box) Total Revenue Quantity (Вохes) Price Marginal Revenue (Dollars per box) (Dollars) (Dollars) 1 1 2 The demand curve that Talero faces is identical to which of its other curves? Check all that apply. Marginal revenue curve Marginal cost curve Supply curve AAA

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The following graph shows the daily market for small cardboard boxes in Houston
Demand
10
Supply
9
7
2
1
0
0
2
3
4
5
6
7
9
10
QUANTITY (Millions of small boxes)
Suppose that Talero is one of more than a hundred competitive firms in Houston that produce such cardboard boxes.
$5
Based on the preceding graph showing the daily market demand and supply curves, the price Talero must take as given is
PRICE (Dollars per small box)
help_outline

Image Transcriptionclose

The following graph shows the daily market for small cardboard boxes in Houston Demand 10 Supply 9 7 2 1 0 0 2 3 4 5 6 7 9 10 QUANTITY (Millions of small boxes) Suppose that Talero is one of more than a hundred competitive firms in Houston that produce such cardboard boxes. $5 Based on the preceding graph showing the daily market demand and supply curves, the price Talero must take as given is PRICE (Dollars per small box)

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Expert Answer

Step 1

As the equilibrium price is given to be $5, so we take $5 price for each unit.

Total Revenue = Price * Quantity

Marg...

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