4. Study Questions and Problems #4 The market equilibrium price for wheat is $4 per bushel. On the following graph, use the green line (triangle symbol) to plot the marginal revenue curve for a typical wheat farmer. Use the orange line (square symbol) to plot the total revenue curve for this farmer. 10 9 A 8 Marginal Revenue 7 6 Total Revenue TOTAL REVENUE & MARGINAL REVENUE (Dollars per bushel) 5 4 3 2 0 + 2 3 4 5 6 7 8 9 10 QUANTITY (Bushels)True or False: Marginal revenue is the change in total revenue per bushel. In this case, $4 is the marginal revenue that remains constant and equal to price. A True A False