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)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![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)
Ho](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1b58125f-b9c5-496d-8834-651896702639%2Fb4ea00eb-c472-4a19-91d3-74cc874edb5f%2Fcqrigzi_processed.png&w=3840&q=75)
Transcribed Image Text: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)
Ho
![The graph below plots the firm's total revenue curve: that is, the relationship between quantity and total revenue given by the two right columns in
the table above. The five choices are also labeled. Finally, two black lines are shown; these lines are tangent to the green curve at points B and D.
90
81
72
63
54
В
D
45
36
27
18
A
E
100
200
300
400
500
600
700
800
QUANTITY (Dishwashers per year)
TOTAL REVENUE (Thousands of dollars per year)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1b58125f-b9c5-496d-8834-651896702639%2Fb4ea00eb-c472-4a19-91d3-74cc874edb5f%2Fjovksce_processed.png&w=3840&q=75)
Transcribed Image Text:The graph below plots the firm's total revenue curve: that is, the relationship between quantity and total revenue given by the two right columns in
the table above. The five choices are also labeled. Finally, two black lines are shown; these lines are tangent to the green curve at points B and D.
90
81
72
63
54
В
D
45
36
27
18
A
E
100
200
300
400
500
600
700
800
QUANTITY (Dishwashers per year)
TOTAL REVENUE (Thousands of dollars per year)
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