Suppose that Falero is one of more than a hundred competitive firms in San Diego that produce such cardboard boxes. Based on the preceding graph showing the daily market demand and supply curves, the price Falero must take as given is $ Fill in the price and the total, marginal, and average revenue Falero earns when it produces 0, 1, 2, or 3 boxes each day. Quantity Price Total Revenue Marginal Revenue Average Revenue (Boxes) (Dollars per box) (Dollars) (Dollars) (Dollars per box) 1 3 The demand curve that Falero faces is identical to which of its other curves? Check all that apply. Average revenue curve Marginal revenue curve Supply curve Marginal cost curve

Question
Suppose that Falero is one of more than a hundred competitive firms in San Diego that produce such cardboard boxes.
Based on the preceding graph showing the daily market demand and supply curves, the price Falero must take as given is $
Fill in the price and the total, marginal, and average revenue Falero earns when it produces 0, 1, 2, or 3 boxes each day.
Quantity
Price
Total Revenue
Marginal Revenue
Average Revenue
(Boxes)
(Dollars per box)
(Dollars)
(Dollars)
(Dollars per box)
1
3
The demand curve that Falero faces is identical to which of its other curves? Check all that apply.
Average revenue curve
Marginal revenue curve
Supply curve
Marginal cost curve

Image Transcription

Suppose that Falero is one of more than a hundred competitive firms in San Diego that produce such cardboard boxes. Based on the preceding graph showing the daily market demand and supply curves, the price Falero must take as given is $ Fill in the price and the total, marginal, and average revenue Falero earns when it produces 0, 1, 2, or 3 boxes each day. Quantity Price Total Revenue Marginal Revenue Average Revenue (Boxes) (Dollars per box) (Dollars) (Dollars) (Dollars per box) 1 3 The demand curve that Falero faces is identical to which of its other curves? Check all that apply. Average revenue curve Marginal revenue curve Supply curve Marginal cost curve

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