Answered: On the following graph, use the green…

On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75, $90, $105, and $120 per scooter.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

PRICE (Dollars per scooter)
195
180
165
150
135
120
105
90
75
60
45
30
15
0
O
+
+
4 8
+
12
A
B
Demand
16 20 24 28 32
QUANTITY (Scooters)
36 40
44
48
52
Total Revenue
?

On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $30, $45, $60, $75, $90,
$105, and $120 per scooter.
TOTAL REVENUE (Dollars)
1460
1320
1180
1040
900
760
620
480
340
200
0
15 30 45
60 75 90 105 120 135 150 165 180 195
PRICE (Dollars per scooter)
Total Revenue
?

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