The graph below shows the demand curve and cost data for a firm operating as a monopolist.
Graphing window shows horizontal axis: 0 to 30, vertical axis: 0 to 30. Start Graph, Color red
x | y |
---|
0 | 20 |
1 | 19.5 |
2 | 19 |
3 | 18.5 |
4 | 18 |
5 | 17.5 |
6 | 17 |
7 | 16.5 |
8 | 16 |
9 | 15.5 |
10 | 15 |
11 | 14.5 |
12 | 14 |
13 | 13.5 |
14 | 13 |
15 | 12.5 |
16 | 12 |
17 | 11.5 |
18 | 11 |
19 | 10.5 |
20 | 10 |
21 | 9.5 |
22 | 9 |
23 | 8.5 |
24 | 8 |
25 | 7.5 |
26 | 7 |
27 | 6.5 |
28 | 6 |
29 | 5.5 |
30 | 5 |
Start Graph, Color blue
x | y |
---|
0 | 20 |
1 | 19 |
2 | 18 |
3 | 17 |
4 | 16 |
5 | 15 |
6 | 14 |
7 | 13 |
8 | 12 |
9 | 11 |
10 | 10 |
11 | 9 |
12 | 8 |
13 | 7 |
14 | 6 |
15 | 5 |
16 | 4 |
17 | 3 |
18 | 2 |
19 | 1 |
20 | 0 |
21 | -1 |
22 | -2 |
23 | -3 |
24 | -4 |
25 | -5 |
26 | -6 |
27 | -7 |
28 | -8 |
29 | -9 |
30 | -10 |
Start Graph, Color black
x | y |
---|
0 | 0 |
1 | 1.2 |
2 | 2.4 |
3 | 3.6 |
4 | 4.8 |
5 | 6 |
6 | 7.2 |
7 | 8.4 |
8 | 9.6 |
9 | 10.8 |
10 | 12 |
11 | 13.2 |
12 | 14.4 |
13 | 15.6 |
14 | 16.8 |
15 | 18 |
16 | 19.2 |
17 | 20.4 |
18 | 21.6 |
19 | 22.8 |
20 | 24 |
21 | 25.2 |
22 | 26.4 |
23 | 27.6 |
24 | 28.8 |
25 | 30 |
26 | 31.2 |
27 | 32.4 |
28 | 33.6 |
29 | 34.8 |
30 | 36 |
Label "Quantity of Zippers" at pixel coordinates (175,0).Label "Price of Zippers" at pixel coordinates (0,170).
The blue line shows:
Marginal Revenue
Hint