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.
The correct answer is 13 hours
Divide 143 by 11 and you’ll get 13.
The statement that is most accurate assessment of Jerry's behavior is: This behavior is not a gambling disorder.
<h3>What is Gambling Disorder?</h3>
Gambling disorder, also known as pathological gambling, can be described as a disorder which involves repeated gambling behavior that interferes with one's day to day life leading to problems for the individual, their families and the society.
From the information given about Jerry, it even though he loses money gambling, it doesn't interfere with his daily activities or normal life.
Therefore, the statement that is most accurate assessment of Jerry's behavior is: This behavior is not a gambling disorder.
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