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[19 Points] 4. Studio Indie is a small (fictional) company that made a popular video game. The monthly market demand for Studio Indie's game is
[19 Points] 4. Studio Indie is a small (fictional) company that made a popular video game. The monthly market demand for Studio Indie's game is shown in the graph below. a. Big video game studios often charge $60 for a game, but Studio Indie is currently charging $20 for its game. Given this information and the graph, calculate Studio Indie's monthly total revenue from the game. b. Studio Indie is considering an increase in the price of its game to $25. If they do so, how much monthly total revenue will the company lose from decreased sales? Show your work. c. If Studio Indie increases the price of its game to $25, how much monthly total revenue will the company gain from increased price? Show your work. d. Overall, how will Studio Indie's monthly total revenue change if it increases the price of its game to \$25? Show your work and explain your answer. e. Make a recommendation. Should Studio Indie increase the price of its game to $25 ? Explain
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