From Reading 15 exhibit 6:
I think my Rev/Price vs Qty of Output graph is missing the P=AR=Demand curve. I just see a dashed line coming down from the Rev vs Qty of Output graph above it.
From Reading 15 exhibit 6:
I think my Rev/Price vs Qty of Output graph is missing the P=AR=Demand curve. I just see a dashed line coming down from the Rev vs Qty of Output graph above it.
Bump.
Figured it out! This is what should have been drawn in the exhibit!