Question

Need help with calculating the total revenue and graphing. It's the questions with a red star next to them. Thanks in advance!

Step 1

The graph you\'ve posted will probably give you total revenues figures more accurately if you just hover the cursor over the graph for each unit value. I have, however, made a table as per my estimation. This should help you approach the question if the table values don\'t match.

Step 2

Marginal revenue is the additional revenue earned for every additional unit. It can be calculated by taking the difference of 2 consecutive total revenues ( for 2 consecutive units). Marginal Revenue for the 4th unit and the eight unit is 200 and 100 repectively as can be seen from the table.

Now, the char...

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Sorry about that. What wasn’t helpful?