PAGES 1 & 2: Instructions are on the attached assignment. Complete all pages in full. PAGE 3: Complete the worksheet and graph(s) in full. NOTES: The two graphs plotted on the top grid will be straight lines (linear equations). See the example and be mindful where the two join each other and where they cross the horizontal axis. Using the computer to draw the parabola (to be plotted on the lower grid) that is the total revenue curve is difficult. I suggest first computing total revenue using the revenue equation you derive and the seven different quantity points given. Compute and plot all seven values. One quantity given is where total revenue is maximum (which will always be directly below the point and quantity where marginal revenue [on the top grid] is zero — do you know why)? Total revenue at zero quantity is always zero. Total revenue also will be zero again to the far right (and is always at the quantity where the demand curve on the top grid crosses the quantity axis). Start and end with the zero total revenue quantity points.
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