I'm not sure how to graph this and I'm not sure if I am answering the questions correctly On the following graph, use the green line (triangle symbol) to plot the demand curve for Talero's small cardboard boxes. (Hint: Remember thatperfectly competitive firms must accept the given market price.)PRICE (Dollars per small box)10982100123235678QUANTITY (Thousands of small boxes)QuantityPrice(Boxes) (Dollars per box)0515554In the following table, fill in the price and the total and marginal revenue Talero earns when it produces 0, 1, 2, or 3 boxes each day.Total Revenue Marginal Revenue(Dollars)0Supply curveTotal revenue curveMarginal revenue curveO Marginal cost curve59101510The demand curve that Talero faces is identical to which of its other curves? Check all that apply.(Dollars)Demand555 2. The demand curve facing a perfectly competitive firmTalero is one of more than a hundred perfectly competitive firms in Denver that produce small cardboard boxes for moving. The following graph showsthe daily market demand and supply curves facing the small cardboard box industry.PRICE (Dollars per small box)109862100Demand1+3567QUANTITY (Millions of small boxes)248Supply9 10?

A perfectly competitive firm is one of many firms producing identical goods. This makes the firms…

2. The demand curve facing a perfectly competitive firm Talero is one of more than a hundred perfectly competitive firms in Denver that produce small cardboard boxes for moving. The following graph shows the daily market demand and supply curves facing the small cardboard box industry. PRICE (Dollars per small box) 10 Demand 9 8 1 0 0 + 1 3 5 6 7 QUANTITY (Millions of small boxes) 2 4 8 Supply 9 10

2. The demand curve facing a perfectly competitive firm Talero is one of more than a hundred perfectly competitive firms in Denver that produce small cardboard boxes for moving. The following graph shows the daily market demand and supply curves facing the small cardboard box industry. PRICE (Dollars per small box) 10 Demand 9 8 1 0 0 + 1 3 5 6 7 QUANTITY (Millions of small boxes) 2 4 8 Supply 9 10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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