The following graph shows the daily market for large cardboard boxes in San Francisco.   0123456789104036322824201612840PRICE (Dollars per large box)QUANTITY (Millions of large boxes)DemandSupply   Suppose that Talero is one of more than a hundred competitive firms in San Francisco that produce such cardboard boxes. 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. Quantity Price Total Revenue Marginal Revenue Average Revenue (Boxes) (Dollars per box) (Dollars) (Dollars) (Dollars per box) 0   0   –   1         2         3           The demand curve that Talero faces is identical to which of its other curves? Check all that apply. Marginal revenue curve   Average revenue curve   Marginal cost curve   Supply curve

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Chapter1: Making Economics Decisions
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2. The demand curve facing a competitive firm

The following graph shows the daily market for large cardboard boxes in San Francisco.
 
0123456789104036322824201612840PRICE (Dollars per large box)QUANTITY (Millions of large boxes)DemandSupply
 
Suppose that Talero is one of more than a hundred competitive firms in San Francisco that produce such cardboard boxes.
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.
Quantity
Price
Total Revenue
Marginal Revenue
Average Revenue
(Boxes)
(Dollars per box)
(Dollars)
(Dollars)
(Dollars per box)
0
 
0  
 
1
 
 
 
 
2
 
 
 
 
3
 
 
 
 
 
The demand curve that Talero faces is identical to which of its other curves? Check all that apply.
Marginal revenue curve
 
Average revenue curve
 
Marginal cost curve
 
Supply curve
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