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.
Objectivist Epistemology is a college of thinking that states the real world is independent of the individual conscious mind.
<h3>What is Objectivist Epistemology?</h3>
Objectivist Epistemology is a branch of epistemology aimed at understanding the real validity of natural phenomena beyond the human conscious mind.
Objectivist Epistemology and critical thinking are analyzed by Ayn Rand in the authored book 'Introduction to Objectivist Epistemology'.
In conclusion, Objectivist Epistemology is a college of thinking that states the real world is independent of the individual conscious mind.
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The answer option which is considered to be true of analogies in supporting problem solving is: Relevant analogies usually help people solve problems, and people do spontaneously think of relevant analogies.
An analogy can be defined as a process through which a situation is compared with another for the purpose of clarity or explanation. Thus, an analogy can be used to explain and illustrate the relationship that exist between two or more things.
In the problem-solving process, an analogy uses relevant or similar situations to proffer a solution to a problem since there exist a relationship between the two circumstances.
In conclusion, relevant analogies usually help people in proffering solution to problems.
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Answer:
number of fingers. Because that's your own body that you are born with and that can't change.
ATP, with its three phosphate groups, has more stored chemical energy than does ADP.
