(Solved): This problem gives you a preview of something you might see in a microeconomics ciass. Suppose ther ...

This problem gives you a preview of something you might see in a microeconomics ciass. Suppose there's an appliance store that selis distiwashers. ft could set its price high and sell very few dishwashers, or it could set its price low and sell many more dishwashers. The following table showis some possible choices this store could make: The graph below plots the firm's total revenue curve: that is, the relationship between quantity and total revenue given by the two right columns in the table abeve. The five choices are also labeled. Finally, two black lines are shown; these lines are tangent to the green curve at points \( B \) and \( D \). Using the informstion on the slope of the lines tangent to the curve at points \( \theta \) and \( D \), plot the slope of the total revenue curve on the graph beiow. (As it turns out, it's a straight line, so the two points you plot will determine a Nne.) The total revenue curve reaches its maximum at a quantity of dishwashers per year. At this point, the slope of the total revenue curve is