The following graph shows the daily market for extra-large cardboard boxes in San Diego.

Suppose that Talero is one of more than a hundred competitive firms in San Diego that produce such cardboard boxes.

Based on the previous 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.

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
• Average revenue curve

Transcribed Image Text:

PRICE (Dollars per extra-large box) 50 45 40 Demand 35 30 25 20 15 10 5 0 0 1 2 3 4 5 6 7 8 QUANTITY (Millions of extra-large boxes) Supply 9 10 Quantity Price (Boxes) (Dollars per box) 0 0 1 2 3 Total Revenue (Dollars) 0 Marginal Revenue (Dollars) AAA Average Revenue (Dollars per box) PRICE (Dollars per extra-large box) 50 45 40 Demand 35 30 25 20 15 10 5 0 0 1 2 3 4 5 6 7 8 QUANTITY (Millions of extra-large boxes) Supply 9 10 Quantity Price (Boxes) (Dollars per box) 0 0 1 2 3 Total Revenue (Dollars) 0 Marginal Revenue (Dollars) AAA Average Revenue (Dollars per box)

Answer rating: 100% (QA)

The price Talero must take as given is 25 price where demand and supply curv... View the full answer