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Attempts Average / 3 2. The demand curve facing a competitive firm The following graph illustrates the market for small moving trucks in Bloomington, IN,
Attempts Average / 3 2. The demand curve facing a competitive firm The following graph illustrates the market for small moving trucks in Bloomington, IN, during Indiana's fall move-in week. (?) 100 Demand 90 Supply 80 70 60 50 PRICE (Dollars per small truck) 30 20 10 2 3 5 6 7 8 9 10 QUANTITY (Hundreds of small trucks) Suppose that Zoomba is one of over a dozen competitive firms in the Bloomington area that offers moving truck rentals. Based on the preceding graph showing the weekly market demand and supply curves, the price Zoomba must take as given is $Suppose that Zoomba is one of over a dozen competitive firms in the Bloomington area that offers moving truck rentals. Based on the preceding graph showing the weekly market demand and supply curves, the price Zoomba must take as given is $ Fill in the price and the total, marginal, and average revenue Zoomba earns when it rents 0, 1, 2, or 3 trucks during move-in week. Quantity Price Total Revenue Marginal Revenue Average Revenue (Trucks) (Dollars per truck) (Dollars) (Dollars) (Dollars per truck) 0 The demand curve faced by Zoomba is identical to which of its other curves? Check all that apply. O Marginal revenue curve Marginal cost curve Supply curve O Average revenue curve Grade It Now Save & Continue Continue without saving
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