i need help graphing Done <McGrawHillChapter 10 Problems i301:48:14eBookAA(S);Output Price1$19218317416515614713TotalRevenue$11936516475849126242220181614 Fezto.mheducation.comMarginalRevenue1715PARF131197Saved< PrevTotalCost$25405058657487ATC3 of 5252016.6714.5013.0012.3312.43Tools/D/MCMC#----1510(b) Draw a graph of the firm's demand, marginal revenue, marginal cost, and average total cost curves.Instructions: Use the graphing tools provided to plot the demand (D), marginal revenue (MR), marginal cost (MC),and average total cost (ATC) curves. Plot 7 points each for D, MR and ATC. Plot 6 points for MC.87913/MR/ATCHelpNext >Save & Exit SubmitCheck my work2

Total revenue is the product of price and quantity. Marginal revenue is the change in total revenue…

Output Price 1 $19 18 17 16 15 14 13 ($) * 2 3 4 5 6 7 Total Revenue $ 19 26 24 22 20 18 16 14 F 36 51 64 75 84 91 Marginal Revenue 17 15 13 11 9 7 Total Cost $25 40 50 58 < Prev 65 74 87 ATC 3 of 5 25 20 16.67 14.50 13.00 12.33 12.43 Tools / D / MC MC (b) Draw a graph of the firm's demand, marginal revenue, marginal cost, and average total cost curves. Instructions: Use the graphing tools provided to plot the demand (D), marginal revenue (MR), marginal cost (MC). and average total cost (ATC) curves. Plot 7 points each for D, MR and ATC. Plot 6 points for MC. 0 " ** 15 10 8 7 9 13 / MR / ATC Next >

Output Price 1 $19 18 17 16 15 14 13 ($) * 2 3 4 5 6 7 Total Revenue $ 19 26 24 22 20 18 16 14 F 36 51 64 75 84 91 Marginal Revenue 17 15 13 11 9 7 Total Cost $25 40 50 58 < Prev 65 74 87 ATC 3 of 5 25 20 16.67 14.50 13.00 12.33 12.43 Tools / D / MC MC (b) Draw a graph of the firm's demand, marginal revenue, marginal cost, and average total cost curves. Instructions: Use the graphing tools provided to plot the demand (D), marginal revenue (MR), marginal cost (MC). and average total cost (ATC) curves. Plot 7 points each for D, MR and ATC. Plot 6 points for MC. 0 " ** 15 10 8 7 9 13 / MR / ATC Next >

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section21.2: Two Sides To Every Business Firm

Problem 4ST

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