DZL Refresh your Math BL Graphing ' X MindTap Cengage Learning X y! This problem gives you a previe X * Slope and the maximum height X + 6 C i ng.cengage,com ' . ill lll ill L o2. CENGAGE MINDTAP Q Search this course Refresh your Math & Graphing Skills 0 x This problem gives you a preview of something you might see in a microeconomics class. Suppose there's an appliance store that sells air conditioners. It could set its price high and sell very few air conditioners, or it could set its price low and sell many more air conditioners The following table shows some possible choices this store could make: Price Quantity Total Revenue (P x Q) (Dollars per air conditioner) (Air conditioners per year) (Dollars per year) 400 0 0 300 42,000 200 56,000 100 42,000 0 0 The graph below plots the firm's total revenue curve: that is, the relationship between quantity and total revenue given by the two right columns in the table above. The five choices are also labeled. Finally, two black lines are shown; these lines are tangent to the green curve at points B and D. 10:39 PM 6/11/2023 D2L Refresh your Math & Graphing SI X MindTap - Cengage Learning X y! This problem gives you a preview X Slope and the maximum height o x + X A ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5796252331009102740002402954&elSBN=9781337106603&snapshotld=34... L CENGAGE |MINDTAP Q Search this course ? Refresh your Math & Graphing Skills X Using the information on the slope of the lines tangent to the curve at points B and D, plot the slope of the total revenue curve on the graph below. (As it turns out, it's a straight line, so the two points you plot will determine a line. ) ? A-Z 250 O- 200 Slope of TR 150 100 ? 50 REVENUE (Dollars per air conditioner) -50 100 150 -200 250 70 140 210 280 350 420 490 560 QUANTITY (Air conditioners per year) The total revenue curve reaches its maximum at a quantity of air conditioners per year. At this point, the slope of the total revenue curve is 77OF Clear Q Search fi 10:39 PM O 6/11/2023