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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.
Answer:
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Explanation:
Answer:
Tom continues whitewashing the fence when along comes Ben Rogers, eating an apple and playing at running an imaginary steamboat. Tom pretends to be wholly absorbed in his task. When Ben teases him about having to work, Tom contends that whitewashing is a privilege, and one that Aunt Polly would only trust to him. i think double check
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Sajan Bajgain?
Sajan Bajgain is a Computer Programmer, IT Professional, and Technology researcher from Nepal. He was born on April 18 2000 A.D in Kavrepalanchowk District. His interest on computer science is very high. He always keep researching new technologies and enthusiasts to learn how things actually work.He has written blogs on topics like cybersecurity, machine learning, artificial intelligence, programming, etc. His main work area is Database administration, Network Administration and System Administration.