2. Calculating marginal revenue from a linear demand curve The blue curve on the following graph represents the demand curve facing a firm 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 field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool (?) Market for Goods 250 225 Quantity 5 Demanded 200 (Units) 175 Demand Price 125.00 (Dollars per unit) 150 125 PRICE (Dollars per unit) 100 75 Demand 50 25 0 1 2 3 4 6 7 8 9 10 QUANTITY (Units)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, 2, 4, 5, 6, 8, and 10 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. 630 A 567 Total Revenue 504 441 378 TOTAL REVENUE (Dollars) 315 252 189 126 63 0 2 4 5 6 7 8 9 10 QUANTITY (Number of units)Calculate the total revenue if the firm produces 2 versus 1 units. Then, calculate the marginal revenue of the second unit produced. The marginal revenue of the second unit produced is $ 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 |$ Based on your answers from the previous question, and assuming that the marginal revenue curve is a straight line, use the black line (plus symbol) to plot the firm's marginal revenue curve on the following graph. (Round all values to the nearest increment of 50.) 250 +- 200 Marginal Revenue 150 100 MARGINAL REVENUE (Dollars) 50 0 50 1 2 3 4 5 6 8 9 10 QUANTITY (Units) Comparing your total revenue graph to your marginal revenue graph, you can see that when total revenue is increasing, marginal revenue is