Calculate the total revenue if the firm produces 10 versus units. Then, calculate the marginal revenue of the 10th unit produced. The marginal revenue of the 10oth unit produced is Calculate the total revenue if the firm produces 20 versus 19 units. Then, calculate the marginal revenue of the 20th unit produced. The marginal revenue of the 20th unit produced is E Based on your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol) to plot the firm's marginal revenue curve on the following graph. (Round all values to the nearest increment of 30.) 100 120 Marginal Revenue 150 120 Marginal Revenue 00 30 MARGINAL REVENLE (Dollars) MARONAL REVENLE (Dolas) 10

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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please help solve all parts of the equation

orapmmpu TOor
Market for Goods
150
135
I guantity
Bemanded
(Units)
25
120
Demand Price
(Dollars per unit)
105
75.00
75
60
45
Demand
30
15
10 16 20 26 30 35
40 45
QUANTITY (Units)
On the graph input tool, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10,
20, 25, 30, 4o, and 50 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green
points (triangle symbol) to plot the results.
1880
1602
Total Revenue
1504
1316
1128
940
752
564
378
188
10
15
20
25
30
35
40
45
50
QUANTITY (Number of units)
D. Focus
TOTAL REVENUE (Dolars)
PRICE (Dolars perunit)
Transcribed Image Text:orapmmpu TOor Market for Goods 150 135 I guantity Bemanded (Units) 25 120 Demand Price (Dollars per unit) 105 75.00 75 60 45 Demand 30 15 10 16 20 26 30 35 40 45 QUANTITY (Units) On the graph input tool, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10, 20, 25, 30, 4o, and 50 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results. 1880 1602 Total Revenue 1504 1316 1128 940 752 564 378 188 10 15 20 25 30 35 40 45 50 QUANTITY (Number of units) D. Focus TOTAL REVENUE (Dolars) PRICE (Dolars perunit)
Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the marginal revenue of the 10th unit produced.
The marginal revenue of the 10th unit produced is S
Calculate the total revenue if the firm produces 20 versus 19 units. Then, calculate the marginal revenue of the 20th unit produced.
The marginal revenue of the 2oth unit produced is |
Based on your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol)
to plot the firm's marginal revenue curve on the following graph. (Round all values to the nearest increment of 30.)
160
120
Marginal Revenue
30
150
120
Marginal Revenue
90
60
30
-30
10
15
20
25
30
35
40
45
50
QUANTITY (Units)
MARGINAL REVENUE (Dollars)
MARGINAL REVENLE (Dolas)
Transcribed Image Text:Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the marginal revenue of the 10th unit produced. The marginal revenue of the 10th unit produced is S Calculate the total revenue if the firm produces 20 versus 19 units. Then, calculate the marginal revenue of the 20th unit produced. The marginal revenue of the 2oth unit produced is | Based on your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol) to plot the firm's marginal revenue curve on the following graph. (Round all values to the nearest increment of 30.) 160 120 Marginal Revenue 30 150 120 Marginal Revenue 90 60 30 -30 10 15 20 25 30 35 40 45 50 QUANTITY (Units) MARGINAL REVENUE (Dollars) MARGINAL REVENLE (Dolas)
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