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.
Leave old debt on your report, pay bills on time, and watch credit balances or cut them out.
The word 'recalcitrant' has a Latin origin<em> </em>(<em>calcitrare</em>) and was originally used for describing "to kick" actions.
<h3>What does recalcitrant mean?</h3>
Recalcitrant is a word derived from <em>calcitrare</em><em> </em>(Latin) and originally used for indicating "to kick" actions.
A person considered 'recalcitrant' is someone who is obstinately defiant of authorities and/or social restraints.
Two synonyms of this word (recalcitrant) may be ungovernable and insubordinate, whereas two antonyms include docile and subordinate.
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