Refer to a graph that shows the demand (d), marginal revenue in the short run (MRER),...

Transcribed Image Text:

Refer to a graph that shows the demand (d), marginal revenue in the short run (MRER), marginal revenue in the long run (MR 2), marginal cost (MC), and average cost (AC) for a toilet paper company to answer the following questions. What will happen to the demand curve for this toilet company in the long run? Describe two things that will happen to the demand curve. How much is the long run equilibrium quantity and price? MC MR M Refer to a graph that shows the demand (d), marginal revenue in the short run (MRER), marginal revenue in the long run (MR 2), marginal cost (MC), and average cost (AC) for a toilet paper company to answer the following questions. What will happen to the demand curve for this toilet company in the long run? Describe two things that will happen to the demand curve. How much is the long run equilibrium quantity and price? MC MR M

Answer rating: 100% (QA)

Solutlon In the long run the demand curve will shift to the left in th... View the full answer