100 90 Profit or Loss 80 50 PRICE (Dollars per watch) 40 ATC 30 20 MC AVC 10 10 20 30 40 50 60 70 80 90 100 QUANTITY (Thousands of watches per day) In the short run, at a market price of $45 per watch, this firm will choose to produce watches per day. 10,000 On the preceding graph, use the blue rectangle (circle symbols) to shade the area re the firm's profit or loss if the market price is $45 and 30,000 the firm chooses to produce the quantity you already selected. 40,000 Note: In the following question, enter a positive number, even if it represents a loss 45,000 The area of this rectangle indicates that the firm's _ would be $ thousand per day in the short run.40 Supply 32 Demand 28 24 20 PRICE (Dollars per large box) 16 12 0 2 3 4 5 6 7 8 9 10 QUANTITY (Millions of large boxes) Suppose that Talero is one of more than a hundred competitive firms in Detroit 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 2 3 The demand curve that Talero faces is identical to which of its other curves? Check all that apply. O Marginal revenue curve Supply curve Average revenue curve Marginal cost curve