Suppose Rian operates a handicraft pop-up retail shop that sells phone cases. Assume a perfectly competitive market structure for phone cases with a market price equal to $20 per phone case. The following graph shows Rian's total cost curve. Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for phone cases for quantities zero through seven (including zero and seven) that Rian produces.

Safari File Edit View History Bookmarks Window Help 4 ... C ng.cengage.com P S = Mind Ta. P P SU U A G P HH HH 6 CENGAGE | MINDTAP Chapter 15 Homework use the blue points ( circle symbol) to plot total revenue and the green points ( triangle symbol) to plot profit for phone cases for quantities zero through seven (including zero and seven) that Rian produces. .O 200 175 Total Revenue Total Cost A Profit 2 2 8 5 8 TOTAL COST AND REVENUE (Dollars o 2 5 6 QUANTITY (Phone cases) Calculate Rian's marginal revenue and marginal cost for the first seven phone cases they produce, and plot them on the following graph. Use the blue points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity. G es 89 LO # m O CS O tab LL I caps lock N X O Z shiftSafari File Edit View History Bookmarks Window Help . . . D