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Suppose that the market price in a perfectly competitive industry is $30 per unit. Using the line drawing tool, plot a possible marginal revenue line
Suppose that the market price in a perfectly competitive industry is $30 per unit. Using the line drawing tool, plot a possible marginal revenue line given this price. Label this line 'MR'. Carefully follow the instructions above, and only draw the required objects. Price, ATC, MC ($) 100- 90- 80- 70- 604 50- 140- 30- 20- 10- 104 MC Quantity (per month) AVC AFC Time Remaining: 01.02.09
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