Good because I know I am giving them good pointers, or feedback on whatever the situation may be.
Answer:
Explanation:
g(x) = f(x + 1) - 2
g(x) = (x + 1 + 3)^3 -2
g(x) = (x + 4)^3 - 2
Now what are we supposed to do with this? I'm guessing we are to find what value of x will make g(x) = 12. If I'm wrong, leave a note in the form of a comment.
g(x) = 12
(x + 4)^3 - 2 = 12 Add 2 to both sides.
(x + 4)^3 = 14 Take the cube root of both sides.
x + 4 = cubrt(14)
x + 4 = 2.4101 Subtract 4
x = 2.4101 - 4
x = -1.5899
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.
Learn more bout marginal revenue curve at;
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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.
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