Price ($) a. On the demand curve graph, place the end points of the demand curve such that at a quantity of 2 the price is $8 per unit and at a quantity of 16, the price of $1 per unit. b. Use the information from the demand curve to plot a total revenue curve for a firm facing the plotted demand curve. Demand Curve Total Revenue Curve 12 60 11 56 52 10 48 9 44 8 40 7 6 5 Total Revenue ($) 36 32 28 24 4 20 3 16 12 TR 2 Demand 8 1 4 0 0 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Quantity 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Quantity

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