Question: Based on your answers from the previous question, and assuming that the marginai revenue curve is a straight Fine, use the biack fine (pius symbol')




Based on your answers from the previous question, and assuming that the marginai revenue curve is a straight Fine, use the biack fine (pius symbol') to pic-t the firm's margrinaiI revenue curve on the foiiowing graph. (Round aii vaiues to the nearest increment of 40.) 200 - .4}. 150 ' Marginal Revenue 120 v an a I MARGINAL REVENUE (Dollars) 3 l 4|) - 0 2 4 6 8 1D 12 14 1B 1B 20 QUANTITY (Units) Comparing your total revenue graph to your marginal revenue graph, you can see that when total revenue is increasing, marginal revenue is V 2. Calculating marginal revenue from a linear demand curve The blue curve on the following graph represents the demand curve facing a rm that can set its own prices. 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 eld, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool 2w Market for Goods 180 | Quanti \"in Deman ed (Units) 'E 14\" Demand Price 3 (Dollar: per Unit) 10000 3 12a 9 2 WE - - - - - - I+ a 9 so 3 E 60 n. 40 20 0 2 4 E 31U1214161820 QUANTITY (Units)
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