The following graph illustrates the weekly demand curve for motorized scooters in Moline. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. CE (Dollars per scooter) 130 REVENUE (Dollars) 120 110 100 90 80 70 60 50 40 30 20 10 0 2400 2240 2000 1760 1520 1280 1040 On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $20, $30, $40, $50, $60, $70, and $80 per scooter. 800 560 4 320 0 A 0 + B 10 20 30 Demand 40 50 60 70 80 90 100 110 120 130 QUANTITY (Scooters) 10 20 30 40 50 Total Revenue. 60 70 80 90 100 110 120 130 Total Revenue (? (?)
The following graph illustrates the weekly demand curve for motorized scooters in Moline. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. CE (Dollars per scooter) 130 REVENUE (Dollars) 120 110 100 90 80 70 60 50 40 30 20 10 0 2400 2240 2000 1760 1520 1280 1040 On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $20, $30, $40, $50, $60, $70, and $80 per scooter. 800 560 4 320 0 A 0 + B 10 20 30 Demand 40 50 60 70 80 90 100 110 120 130 QUANTITY (Scooters) 10 20 30 40 50 Total Revenue. 60 70 80 90 100 110 120 130 Total Revenue (? (?)
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 8E: The Stopdecay Company sells an electric toothbrush for $25. Its sales have averaged 8,000 units per...
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