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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.
It has a positive value.
We need the answers that you have to choose from.
The number of six samples that could belong to the same population is equivalent to six.
Option A is the correct answer.
<h3>What is the standard deviation?</h3>
The standard deviation is the indicator to determine the variation between the set of amounts as given in the statistical information.
The population is referred to as the entire information being prescribed in data relating to any concept. If the number of samples in a population is 10, then the samples in the same population will also be 10. This shows the number of samples is always equal to the samples in the same population.
Therefore, the six samples belong to the same population comprising of six samples having varied standard deviations.
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