Preview File Edit View Go Tools Window Help Q Mon Nov 15 9:57 PM Aplia/ Student Question Q Search Page 1 of 3 accounting 1 Aplia/ Student Question 2. Calculating marginal revenue from a linear demand curve Aplia/ Student The blue curve on the following graph represents the demand curve facing a firm that can set its own prices. Question Aplia/ Student 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. Question2 Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. busyness statics 1 Graph Input Tool econ screenshots 200 Market for Goods 180 Hakimzadeh asl Quantity 20 _Confi...Start.xIsx Demanded (Units) Demand Price 100.00 ( Dollars per unit) Hakimzadeh sl_Conf...tart.xIsx PRICE (Dollars per unit) 7 8 8 8 8 5 5 8 Hakimzadeh_Confi dence_1...tart.xIsx Demand 2 lakimzadeh_Hypo hesis_T...tart.xIsx o 0 4 3 12 16 20 24 28 32 36 40 QUANTITY (Units) screen shots .J. . .Liz. ... Screenshot 021-11...24.07 PM 3. Enter the course NOV 15Preview File Edit View Go Tools Window Help Q 8 Mon Nov 15 9:57 PM Aplia/ Student Question Page 1 of 3 Q Search accounting 1 Aplia/ Student Question On the previous graph, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 8, Aplia/ Student Question 16, 20, 24, 32, or 40 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. Aplia/ Student Question2 busyness statics 1 econ screenshots Hakimzadeh asl _Confi...Start.xIsx Hakimzadeh sl_Conf...tart.xIsx https://aplia.apps.ng.cengage.com/af/servlet/quiz?quiz_action=ta...ike.solyom-0019&ck=m_1637042082765_0AAA0626017BB86BFOED4BF10000 Page 1 of 3 lakimzadeh_Confi dence_1...tart.xIsx 2 lakimzadeh_Hypo hesis_T...tart.xIsx Aplia: Student Question 2021-11-15, 9:55 PM screen shots .!. . .did. ... Screenshot :021-11...24.07 PM 2000 A 1800 3. Enter the course NOV 15 F Q Ni 7 4Preview File Edit View Go Tools Window Help Q Mon Nov 15 9:58 PM Aplia/ Student Question v Page 2 of 3 Q Search accounting 1 Aplia/ Student Question Aplia/ Student Question 2000 1800 Aplia/ Student Total Revenue Question2 1600 1400 busyness statics 1200 1000 TOTAL REVENUE (Dollars) econ screenshots 800 600 Hakimzadeh asl _Confi...Start.xIsx 400 200 Hakimzadeh sl_Conf...tart.xIsx 0 8 12 16 20 24 28 32 36 40 QUANTITY (Number of units) Hakimzadeh_Confi dence_1...tart.xIsx 2 lakimzadeh_Hypo Calculate the total revenue if the firm produces 8 versus 7 units. Then, calculate the marginal revenue of the eighth unit produced. hesis_T...tart.xIsx The marginal revenue of the eighth unit produced is screen shots .!. . .Liz . . .. Calculate the total revenue if the firm produces 16 versus 15 units. Then, calculate the marginal revenue of the 16th unit produced. Screenshot 021-11...24.07 PM The marginal revenue of the 16th unit produced is 3. Enter the course NOV 15 D 4Preview File Edit View Go Tools Window Help Q 8 Mon Nov 15 9:58 PM [ v Aplia/ Student Question Page 2 of 3 Q Search accounting 1 Aplia/ Student Question Calculate the total revenue if the firm produces 16 versus 15 units. Then, calculate the marginal revenue of the 16th unit produced. Aplia/ Student The marginal revenue of the 16th unit produced is Question Aplia/ Student 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) Question2 to plot the firm's marginal-revenue curve on the following graph. (Round all values to the nearest increment of 40.) busyness statics econ screenshots Hakimzadeh asl _Confi...Start.xIsx Hakimzadeh sl_Conf...tart.xlsx 2 Hakimzadeh_Confi dence_1...tart.xIsx lakimzadeh_Hypo hesis_T...tart.xIsx .!. . .aid . ... screen shots https://aplia.apps.ng.cengage.com/af/servlet/quiz?quiz_action=ta...ike.solyom-0019&ck=m_1637042082765_0AAA0626017BB86BFOED4BF10000 Page 2 of 3 Screenshot 021-11...24.07 PM 3 3. Enter the course NOV 15Preview File Edit View Go Tools Window Help Q 8 Mon Nov 15 9:58 PM Aplia/ Student Question v Page 3 of 3 Search accounting 1 Aplia/ Student Question Aplia: Student Question -11-15, 9:55 PM Aplia/ Student Question Aplia/ Student Question2 200 + busyness statics 160 Marginal Revenue econ screenshots 120 80 MARGINAL REVENUE (Dollars) Hakimzadeh asl _Confi...Start.xIsx 40 Hakimzadeh sl_Conf...tart.xlsx 0 2 Hakimzadeh_Confi dence_1...tart.xIsx 40 8 12 16 20 24 28 32 36 40 QUANTITY (Units) lakimzadeh_Hypo hesis_T...tart.xIsx -!. . .aid . ... screen shots Comparing your total-revenue graph to your marginal-revenue graph, you can see that when total revenue is decreasing, marginal revenue is Screenshot 021-11...24.07 PM Grade It Now Save & Continue 3 3. Enter the course NOV 15 atv