The following table indicates the prices various buyers are willing to pay for a Mini Coo Buyer Buyer A Buyer B Buyer C Maximum Price Buyer Buyer D Buyer E Buyer F Maximum Price $50,000 $20,000 40,000 10,000 30,000 The cost of producing the cars includes $40,000 of fixed costs and a constant marginal cos (a) Graph the demand and marginal revenue curves. Instructions: 1. Use the tools provided to draw the demand curve (D) and marginal revenue curve (MR). Eac 2. To enter exact coordinates, double click on the point and enter the values of x and y. 70000 60000 MR 50000 < Prev 4 of 9 Next > DELL ortalGuard-SCC Portal Lo X Assignments: Microeconomics x wconnect.mheducation.com/flow/connect.html 10 HW G Saved 70000 60000 MR 50000 40000 30000 ok 20000 MC nt 10000 ences -10000 -20000 -30000 -40000 -50000 4. Output (units per period) reset < Prev 4 of 9 Price or Cost (dollars per unit)

The following table indicates the prices various buyers are willing to pay for a Mini Coo Buyer Buyer A Buyer B Buyer C Maximum Price Buyer Buyer D Buyer E Buyer F Maximum Price $50,000 $20,000 40,000 10,000 30,000 The cost of producing the cars includes $40,000 of fixed costs and a constant marginal cos (a) Graph the demand and marginal revenue curves. Instructions: 1. Use the tools provided to draw the demand curve (D) and marginal revenue curve (MR). Eac 2. To enter exact coordinates, double click on the point and enter the values of x and y. 70000 60000 MR 50000 < Prev 4 of 9 Next > DELL ortalGuard-SCC Portal Lo X Assignments: Microeconomics x wconnect.mheducation.com/flow/connect.html 10 HW G Saved 70000 60000 MR 50000 40000 30000 ok 20000 MC nt 10000 ences -10000 -20000 -30000 -40000 -50000 4. Output (units per period) reset < Prev 4 of 9 Price or Cost (dollars per unit)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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