Change the number found in the quantity demanded field to determine the prices that correspond to the production of 0,10,20,25,30,40,or 50 units of output.Calculate the total revenue for each of these production level then on the following graph use the green points triangle symbol to plot the results. Calculate the total revenue if the firm produces 10 versus 9 units then calculate the marginal revenue of the 10th unit produced. The marginal revenue of the 10th unit produced is? Calculate the total revenue if the firm produces 20 versus 19 units then calculate the marginal revenue of the 20th unit produces the marginal revenue of the 20th 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 firms marginal revenue curve of the following graph round all values to the nearest increment of 10. Comparing your total revenue graph to your marginal revenue graph you can see the total revenue is _ (minimized, maximized, equal to zero) at the output at which marginal revenue is equal to zero.

The blue curve on the following graph represents the demand curve facing a firm that can set its own prices. ools 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 50 Market for Goods 45 Quantity Demanded C 25 40 (Units) 35 Demand Price (Dollars per unit) 25.00 PRICE (Dollars per unit) N 15 Demand 10 0 5 0 15 20 25 30 35 40 45 50 QUANTITY (Units) On the previous graph, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10, 20, 25, 30, 40, or 50 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