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3. The components of marginal fevenue Asien's liookviadder as the only compamy selling fire engines in the fictional country of Alexindrina. Asim initially produced eight

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3. The components of marginal fevenue Asien's liookviadder as the only compamy selling fire engines in the fictional country of Alexindrina. Asim initially produced eight trucks, but then decded to increase production to nine brucks. The following grapt gives the demand curve foced by Asim's thookitidder As the graph shows, in orden to seil the sdditional fire truck, Asim must lower the price froma $80,000 to $60,000 per truck. Notice that Asim gains revenue from the sale of the additsonal engine, bot at the same tame, be loses fevenue from the initiol eight engines because they arat all sold at the lower price. Use the purple rectangle (diumond symbols) to shide the area representing the revenue fost from the imtigi eight engines by selling at \$60, 0oo rather than \$80,000, then use the green rectangle (trimpgle symbols) to shade the area representing the reveuwe gained from sclling an addirional engine at 560,000 Asum increase production from 8 to 9 fire engines because the dominates in this scenario. True. or false: II alternatively Asim's HookNLadder were a competitive firm and $80,000 were the markek price for an engine, increasing production would not affect the paice at which the company is able to sell engines: Trui Figlse

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