@& Safari File Edit View History Bookmarks Window Help Thu Apr 4 9:52PM @ ng.cengage.com E ] % MindTap - Cengage Learning Richard '..Q CENGAGE ' MINDTAP Q Search this course Module Five Quiz @ X 11. Profit maximization using total cost and total revenue curves PROFILE Suppose Amari operates a handicraft pop-up retail shop that sells cardigans. Assume a perfectly competitive market structure for cardigans with a market price equal to $20 per cardigan. ORDERS The following graph shows Amari's total cost curve. RENTALS Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for cardigans for quantities zero through COURSES v seven (including zero and seven) that Amari produces. Study tools College Success Tips Total Revenue Career Success Tips Total Cost o A Profit @ 0 Help | i [c]\\o) TOTAL COST AND REVENUE (Dollars) @& Safari File Edit View History Bookmarks Window Help @ ng.cengage.com . MindTap - Cengage Learning Richard . 2 CENGAGE ' MINDTAP Module Five Quiz Profit PROFILE ORDERS TOTAL COST AND REVENUE RENTALS COURSES v 2 4 5 3 QUANTITY (Cardigans) Study tools Calculate Amari's marginal revenue and marginal cost for the first seven cardigans they produce, and plot them on the following graph. Use the blue College Success Tips points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity. Career Success Tips @ 0 Help o Marginal Revenue | i [c]\\o) o Marginal Cost Dollars per cardigan) 2] L TW.Y T KA Y| @& sSafari File Edit View History Bookmarks Window @ ng.cengage.com E ] % MindTap - Cengage Learning penshot ISP . 2 CENGAGE ' MINDTAP Q' Search this course BRIV Module Five Quiz @ X Calculate Amari's marginal revenue and marginal cost for the first seven cardigans they produce, and plot them on the following graph. Use the blue S points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity. ORDERS RENTALS O COURSES v Marginal Revenue O Marginal Cost Study tools College Success Tips Career Success Tips s = B & 8 8 2 2 s S a w 5 z w > o z o z o z