Biodata Software is the sole seller of a programming language with unique scientific applications. The company finds that each month, it can sell 100 copies of the program at a price of $200 and 100 extra copies for each $50 reduction in price. (1) (2) (3) (4) Price Quantity Total Revenue Marginal Revenue ($ per copy) (copies per month) ($ ) ($ per copy) 250 200 150 100 50 a. Fill in the above table. Remember that marginal values for marginal product are shown in rows between those used to show total and average values. Include a minus sign (-) for any negative values. b. Draw the business's demand and marginal revenue curves. Plot only the two endpoints of the demand curve, and six points on the marginal revenue curve-the five points in the table as well as the point that extends the marginal revenue line to the vertical axis-for a total of eight points. Remember to plot marginal values such as marginal revenue halfway between the two relevant quantities on the horizontal axis.Demand and Marginal Revenue for Biodata Software 300 Tools 250 200 Demand Curve Marginal Reve 150 100 $ per Copy 50 0 -50 -100 -150 -200 O 0 100 200 300 400 500 600 Quantity (Copies per month)(3. Based on your graph in part b. at which quantity level does marginal revenue move from being positive to negative? copies Nirvana Resort operates in an oligopoly. The resorts room rentals are 0 per night at a rate oi$200, 15 at $180, 30 at $160, 35 at $140, and 40 at $120, as shown in the graph below. Nirvana Resort's Demand and Marginal Revenue Curves 220 200 E] 180 160 140 120 100 $ per room 0 5 10 15 20 25 30 35 40 45 Rooms per night a. Fill in this table. Remember that marginal values for marginal product are shown in rows between those used to show total and average values. Include a minus sign (-) for any negative values. (2) (1) Quantity (3) (4) Price (rooms per Total Revenue Marginal Revenue ($ per room) night) ($ ) ($ per room) 200 180 160 140 120 b. Why does the resort face a kink in its demand curve at a quantity of 30 rooms per night? In the ranges 0 to 15 rooms and 15 to 30 rooms, each time the price falls by $ Quantity on the demand curve increases by rooms. In the ranges 30 to 35 rooms and 35 to 40 rooms, each time the price falls by $[ . Quantity on the demand curve increases by rooms. c. Why does the resort's MR curve have a vertical segment at the quantity associated with the kink in the demand curve? The MR segment associated with the upper portion of the demand curve has a (Click to select) | value at 30 rooms than does the MR segment associated with the lower portion of the demand curve.True North Rai ways. which is the sole provider of passenger rail service to a remote community, has revenues and costs shown in the table below. {1) (2) {5) (5) Price Quantity (3) (4) Marginal Revenue Marginal Cost ($ per {passengers per Total Revenue Total Cost (33 per {$ per passenger) day) ($) ($) passenger) passenger) 248 8 10,998 288 58 18J 898 168 188 CLII.J 798 128 158 2L2J 688 88 288 2L3J 688 18 258 1-11J 788 8 388 15,988 a. l:lll in the above table. Enter all collar values in the table and answers below with no cents - i_e. "l0" not "lODO. Remember to include a minus Sign H in front of any negative values entered. b. True North's (Click to select) v quantity (using the quantities shown in the table above) is passengers and the price it charges is $ c. At this quantity, True North is rraking a shortrun {Click to select) v of $