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On the following graph, use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial four engines by selling
On the following graph, use the purple rectangle (diamond symbols) to shade the area representing the revenue lost from the initial four engines by selling at $90,000 rather than $105,000. Then use the green rectangle (triangle symbols) to shade the area representing the revenue gained from selling an additional engine at $90,000. 150 135 Revenue Lost 120 Demand 105 90 Revenue Gained 75 PRICE (Thousands of dollars per fire engine ) 60 45 30 15 0 2 3 4 5 6 8 9 10 QUANTITY (Fire engines) Rajiv's Fire Engines increase production from four to five fire engines because the change in dominates in this scenario
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