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The following graph shows the daily market for medium cardboard boxes in New York City. 20 Demand 18 Supply 14 12 10 PRICE (Dollars per
The following graph shows the daily market for medium cardboard boxes in New York City. 20 Demand 18 Supply 14 12 10 PRICE (Dollars per medium box) 1 2 3 5 8 9 10 QUANTITY (Millions of medium boxes)Suppose that Falero is one of more than a hundred competitive firms in New York City that produce such cardboard boxes. Based on the preceding 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. Quantity Price Total Revenue Marginal Revenue Average Revenue (Boxes) (Dollars per box) (Dollars) (Dollars) (Dollars per box) 0 1 2 3 The demand curve that Falero faces is identical to which of its other curves? Check all that apply. O Supply curve Marginal revenue curve Average revenue curve O Marginal cost curve
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