6. Problems and Applications Q11 Manuel, Shen, and Antonio run the only saloon in town. • Manuel wants to sell as many drinks as possible without losing money. • Shen wants the saloon to bring in as much revenue as possible. • Antonio wants to make the largest possible profit. Use the black point (plus symbol) to show the price and quantity combination favored by Manuel. Then use the grey point (star symbol) to show the price and quantity combination favored by Shen. Finally, use the purple point (diamond symbol) to show the price and quantity combination favored by Antonio. Price Demand MC MR Quantity ATC Manuel Shen Antonio (?)

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6. Problems and Applications Q11
Manuel, Shen, and Antonio run the only saloon in town.
• Manuel wants to sell as many drinks as possible without losing money.
• Shen wants the saloon to bring in as much revenue as possible.
• Antonio wants to make the largest possible profit.
Use the black point (plus symbol) to show the price and quantity combination favored by Manuel. Then use the grey point (star symbol) to show the
price and quantity combination favored by Shen. Finally, use the purple point (diamond symbol) to show the price and quantity combination favored
by Antonio.
Price
Demand
MC
MR
Quantity
ATC
Manuel
Shen
Antonio
(?)
Transcribed Image Text:6. Problems and Applications Q11 Manuel, Shen, and Antonio run the only saloon in town. • Manuel wants to sell as many drinks as possible without losing money. • Shen wants the saloon to bring in as much revenue as possible. • Antonio wants to make the largest possible profit. Use the black point (plus symbol) to show the price and quantity combination favored by Manuel. Then use the grey point (star symbol) to show the price and quantity combination favored by Shen. Finally, use the purple point (diamond symbol) to show the price and quantity combination favored by Antonio. Price Demand MC MR Quantity ATC Manuel Shen Antonio (?)
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