Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to t

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Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph, Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly Graph Input Tool Market for Goods 100 10 180 Quantity Demanded (units) Demand Price (Dollars per unit) 940 120 100.00 PRICE (Dollars per unit) 30 50 Demand
On the graph input tool, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0.4 8, 10, 12, 16, and 20 units of output. 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. 1000 500 Total Revenue 700 300 TOTAL REVENUE (Dolars) 500 400 300
Calculate the total revenue If the firm produces 4 versus 3 units. Then, calculate the marginal revenue of the fourth unit produced The marginal revenue of the fourth unit produced is Calculate the total revenue if the firm produces 3 versus 7 units. Then, calculate the marginal revenue of the eighth unit produced The marginal revenue of the eighth unit produced is $ Based on your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black Nine (plus symbel) to plot the firm's marginal revenue curve on the following graph. (Round all values to the nearest increment of 40.) 200 150 Marginal Revenue
זמינור מאחור ורווח ) 200 150 Marginal Revenue 120 MARGINAL REVENUE (Dollars) 03 20 10 QUANTITY (Units
120 MARGINAL REVENUE (Dol 4 40 O 40 0 15 6 2 18 20 5 10 12 14 QUANTITY (Units) Comparing 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