please help solve all parts of the equation orapmmpu TOorMarket for Goods150135I guantityBemanded(Units)25120Demand Price(Dollars per unit)10575.00756045Demand301510 16 20 26 30 3540 45QUANTITY (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 greenpoints (triangle symbol) to plot the results.18801602Total Revenue150413161128940752564378188101520253035404550QUANTITY (Number of units)D. FocusTOTAL 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 SCalculate 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.)160120Marginal Revenue30150120Marginal Revenue906030-30101520253035404550QUANTITY (Units)MARGINAL REVENUE (Dollars)MARGINAL REVENLE (Dolas)

The question given to us talks about Total Revenue(TR) and Marginal Revenue(MR). Total Revenue refers to the total amount that a seller will receive after his sales of goods and service Whereas Marginal Revenue refers to the additional revenue gain by producing one more unit of goods and service. Please find the images attached for detailed solution.

Business

Economics

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

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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