The attached graph shows the required curves to be drawn. One of the curves is called the Marginal Revenue Curve.
<h3>What is a marginal revenue curve?</h3>
At the market price, the marginal revenue curve is a horizontal line, suggesting completely elastic demand, and it is equal to the demand curve.
Monopoly occurs when one corporation is the exclusive vendor of a distinct product in the market.
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Full Question:
The graph shows the market for smart rackets.
Suppose the profit-maximizing output is 160,000 smart rackets.
Draw the firm's marginal revenue curve. Label it MR.
Draw the firm's marginal cost curve. Label it MC.
Draw a point at the profit-maximizing output and price.
Draw a shape to show the firm's economic profit. Label it.
Answer: $150
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Explanation: 3 + 10 = 13
13 + 30 = 43
43 + 100 = 143
143 + 7 = $150
If A ∆ B = A × (A + 2B) = A² + 2AB, then
• 1 ∆ B = 1 + 2B
• 4 ∆ (1 ∆ B) = 4 ∆ (1 + 2B) = 24 + 16B
• 2 ∆ (4 ∆ (1 ∆ B)) = 2 ∆ (24 + 16B) = 100 + 64B
When speaking in front of audience you should make eye contact with the audience.
<h3>Giving of speech to audience</h3>
Speech giving is an art of presentation of one's thoughts and ideas which is usually done before a listening audience.
The guidelines of giving of speech to audience include the following:
- Practice effectively before the speech
- Speak with the correct tone and clearly in such a way that your points would be noted
- Always maintain eye contact with your audience.
Therefore, when speaking in front of audience you should make eye contact with the audience.
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