1 . The demand curve facing a price taker The following graph shows the daily market demand and supply curves. The equilibrium market price is $20 per large cardboard box. 40 -- 36 Simply 32 28 24 20 -+ 16 12 PRICE (Dollars per large box) QUANTITY (Millions of large boxes) Suppose Falero is one of over a hundred perfectly competitive firms that produce large cardboard boxes for moving. 0n the following graph, use the green line (triangle symbols) to plot the demand curve facing Falero for large cardboard boxes. Hint: Remember that perfectly competitive firms can sell all their output at the going price. A k?) Hint: Remember that perfectly competitive firms can sell all their output at the going price. 40 A 36 Demand 32 28 PRICE (Dollars per large box 12 A 0 2 3 4 5 6 8 9 10 QUANTITY (Thousands of large boxes) In the following table, fill in the total and marginal revenues that Falero earns for the first three boxes it sells each day. Total Output Price Total Revenue Marginal Revenue Average Revenue (Boxes) (Dollars per box) (Dollars) (Dollars per box) (Dollars per box) 0 20 20 W N H 20 20 The demand curve that Falero faces is identical to which of its other curves? Check all that apply. Its supply curvePRICE (Dollars per la N 00 A 0 2 3 5 6 8 9 10 QUANTITY (Thousands of large boxes) In the following table, fill in the total and marginal revenues that Falero earns for the first three boxes it sells each day. Total Output Price Total Revenue Marginal Revenue Average Revenue (Boxes) (Dollars per box) (Dollars) Dollars per box) (Dollars per box) 20 20 W N + 20 20 The demand curve that Falero faces is identical to which of its other curves? Check all that apply. Its supply curve Its marginal cost curve It's average revenue curve Its marginal revenue curve It's total revenue curve Grade It Now Save & Continue Continue without saving