The following graph shows the daily market for medium cardboard boxes in San Die

Question

The following graph shows the daily market for medium cardboard boxes in San Diego. Suppose that Falero 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 Falero must take as given is Fill in the price and the total, marginal, and average revenue Falero earns when it produces 0, 1, 2, or 3 boxes each day. The demand curve that Falero faces is identical to which of its other curves? Check all that apply. Marginal cost curve Marginal revenue curve Average revenue curve Supply curve

Explanation / Answer

10 dollars because it is the equilibrium price, That would be the price any firm would get

10 10 10 10

10 20 10 10

10 30 10 10

MC is not given

Marginal revenue yes

average revenue is similar

Supply curve also meets there.

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