Using the information on the slope of the lines tangent to the curve at points B and D, plot the slope of the total revenue curve on the graph below. (As it turns out, it’s a straight line, so the two points you plot will determine a line.)**Graph Explanation:**- The graph is a coordinate plane with the x-axis labeled "QUANTITY (Dishwashers per year)" ranging from 0 to 800.- The y-axis is labeled "REVENUE (Dollars per dishwasher)" and ranges from -225 to 225.- A horizontal line appears across the graph, representing a constant revenue level.- There is a section labeled "Slope of TR" indicating where the slope of the total revenue is represented.**Additional Information:**The total revenue curve reaches its maximum at a quantity of $\_\_\_$ dishwashers per year. At this point, the slope of the total revenue curve is $\_\_\_$. The graph below illustrates the firm's total revenue curve, demonstrating the relationship between the quantity of dishwashers sold per year (x-axis) and the total revenue generated in thousands of dollars per year (y-axis). The curve is shown in green.Key Points on the Curve:- **Point A**: Represents the origin (0,0), with no dishwashers sold and no revenue.- **Point B**: Shows revenue increasing as the quantity grows, with a significant slope indicating rapid revenue growth.- **Point C**: The peak of the curve, indicating maximum total revenue at an optimal sales quantity.- **Point D**: Indicates a decline in revenue; the slope becomes negative as quantity increases beyond point C.- **Point E**: Returns close to zero revenue, marking another extreme where an excessive quantity is sold, reducing revenue.The graph also includes two black tangent lines at points B and D, which are the points where the rate of revenue change is significant:- The tangent at **Point B** suggests rapid revenue growth initially.- The tangent at **Point D** indicates a decline in revenue as the market becomes saturated.This visual representation helps in understanding how quantity affects revenue and highlights the optimal sales point for maximum revenue generation.

The slope of a curve represents the curve's direction and steepness at a particular point. It refers…

Using the information on the slope of the lines tangent to the curve at points B and D, plot the slope of the total revenue curve on the graph below. (As it turns out, it's a straight line, so the two points you plot will determine a line.) 225 180 Slope of TR 135 90 45 -45 -90 -135 -180 -225 100 200 300 400 500 600 700 800 QUANTITY (Dishwashers per year) The total revenue curve reaches its maximum at a quantity of dishwashers per year. At this point, the slope of the total revenue curve is REVENUE (Dollars per dishwasher)

Using the information on the slope of the lines tangent to the curve at points B and D, plot the slope of the total revenue curve on the graph below. (As it turns out, it's a straight line, so the two points you plot will determine a line.) 225 180 Slope of TR 135 90 45 -45 -90 -135 -180 -225 100 200 300 400 500 600 700 800 QUANTITY (Dishwashers per year) The total revenue curve reaches its maximum at a quantity of dishwashers per year. At this point, the slope of the total revenue curve is REVENUE (Dollars per dishwasher)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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