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)

As the equilibrium price is given to be $5, so we take $5 price for each unit.Total Revenue = Price…

Answered: CENGAGE MINDTAP Assignment 8 (Ch 14) 1…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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