Calculate the daily total revenue when the market price is $90, $80, $70, $60, $50, $40, $30, and $20 per bippitybop. Then, use the green point (triangle symbol) to plot the daily total revenue against quantity corresponding to these market prices on the following graph.

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Calculate the daily total revenue when the market price is $90, $80, $70, $60, $50, $40, $30, and $20 per bippitybop. Then, use the green point
(triangle symbol) to plot the daily total revenue against quantity corresponding to these market prices on the following graph.
Transcribed Image Text:Calculate the daily total revenue when the market price is $90, $80, $70, $60, $50, $40, $30, and $20 per bippitybop. Then, use the green point (triangle symbol) to plot the daily total revenue against quantity corresponding to these market prices on the following graph.
5. The variation in elasticity and total revenue along a demand curve
The following graph shows the daily demand curve for bippitybops in San Diego.
Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve.
Note: You will not be graded on any changes made to this graph.
PRICE (Dollars per bippitybop)
100
8
90
80
288
70
60
50
40
30
20
10
0
0 6
+
D
*
B
Demand
48
12 18 24 30 36 42
QUANTITY (Bippitybops per day)
54
60
Total Revenue
?
Transcribed Image Text:5. The variation in elasticity and total revenue along a demand curve The following graph shows the daily demand curve for bippitybops in San Diego. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bippitybop) 100 8 90 80 288 70 60 50 40 30 20 10 0 0 6 + D * B Demand 48 12 18 24 30 36 42 QUANTITY (Bippitybops per day) 54 60 Total Revenue ?
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