8 Assignment 2TOTAL REVENUE DM.Ce the total revenue of the firm produces 10 versus 9 units. Thes, calculate the marginal revenue of the 10th unit producedThe marginal revenue of the 10th unit produced iM.M M nQUANTITY Nnber of unCalculate the total revenue the firm produces 20 versus 19 units. Then, calculate the marginal revenue of the 20th unit producedThe event of the 20th un produced in 1Based in your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol)to the firm's marginal revenue curve on the following graph, (Round all values to the nearest increment of 30.)2. "W 23GUANTITYMerginal RevenueCimparing your total revenue graph to your marginal revenue graph, you can see that when total revenue is decreasing, marginal revenue isGrade It NowSave & ContinueContinue without saving 12. Calculating marginal revenue from a linear demand curveThe blue curve on the following grach represents the demand curve facing a firm that can set its own prices.the the praph input tood to help you answer the following questions. You will not be scored on any changes you make to this graphNote: Once you enter a value in a white field, the ginaph and any corresponding amounts in each grey field will change accordingly.PECE Dotas ser unt855KSERSTOTAL REVENUE Dola150134120105D100011041316BusMOOn the previous graph, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10,20, 25, 30, 40, or 50 units of outpot. Calculate the total revenue for each of these production levels. Then on the following graph, use the greenpoints (triangle symbol) to plot the results152376".DemandS 10 15 20 25 30 35 45 50QUANTITY (Units)" M 29 263 36QUANTITY (Number of units)Graph Input ToolMarket for GoodsQuantityDemanded(Units)MDemand Price(Dollars per unit)ATotal Revenue25Ⓡ75.00

the marginal revenue curve is dependably beneath the demand curve when the demand curve is…

The blue curve on the following graph represents the demand curve facing a firm that can set its own prices the the praph input tool to help you answer the following questions. You will not be scored on any changes you make to this graph you der a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Note: Once FRECE Dotas sind B55ESORE TOTAL REVENUE (Do 186 11 . 11121 1000 1396 Demand 376 110 15 20 254650 QUANTITY() On the previous graph, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 8, 10 20, 25, 30, 40, or 50 units of output. Calculate the total revenue for each of these production levels. Ther, on the following graph, use the green points (triangle symbol) to plot the results Graph Input Tool Market for Goods Quantity Demanded (Units) Demand Price (Dollars per unit) A Total Revenue 25 ? 75.00

The blue curve on the following graph represents the demand curve facing a firm that can set its own prices the the praph input tool to help you answer the following questions. You will not be scored on any changes you make to this graph you der a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Note: Once FRECE Dotas sind B55ESORE TOTAL REVENUE (Do 186 11 . 11121 1000 1396 Demand 376 110 15 20 254650 QUANTITY() On the previous graph, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 8, 10 20, 25, 30, 40, or 50 units of output. Calculate the total revenue for each of these production levels. Ther, on the following graph, use the green points (triangle symbol) to plot the results Graph Input Tool Market for Goods Quantity Demanded (Units) Demand Price (Dollars per unit) A Total Revenue 25 ? 75.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Assignment 2
TOTAL REVENUE D
M
.
Ce the total revenue of the firm produces 10 versus 9 units. Thes, calculate the marginal revenue of the 10th unit produced
The marginal revenue of the 10th unit produced i
M.
M M n
QUANTITY Nnber of un
Calculate the total revenue the firm produces 20 versus 19 units. Then, calculate the marginal revenue of the 20th unit produced
The event of the 20th un produced in 1
Based in your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol)
to the firm's marginal revenue curve on the following graph, (Round all values to the nearest increment of 30.)
2
. "
W 23
GUANTITY
Merginal Revenue
Cimparing your total revenue graph to your marginal revenue graph, you can see that when total revenue is decreasing, marginal revenue is
Grade It Now
Save & Continue
Continue without saving

12. Calculating marginal revenue from a linear demand curve
The blue curve on the following grach represents the demand curve facing a firm that can set its own prices.
the the praph input tood to help you answer the following questions. You will not be scored on any changes you make to this graph
Note: Once you enter a value in a white field, the ginaph and any corresponding amounts in each grey field will change accordingly.
PECE Dotas ser unt
855KSERS
TOTAL REVENUE Dola
150
134
120
105
D
1000
1104
1316
Bus
MO
On the previous graph, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10,
20, 25, 30, 40, or 50 units of outpot. 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
152
376
"
.
Demand
S 10 15 20 25 30 35 45 50
QUANTITY (Units)
" M 29 263 36
QUANTITY (Number of units)
Graph Input Tool
Market for Goods
Quantity
Demanded
(Units)
M
Demand Price
(Dollars per unit)
A
Total Revenue
25
Ⓡ
75.00

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