(a) What does the shaded area in the figure represent?
A. The increase in cost as the production level increases from 50 to 100 units. B. The total profit that the manufacturer earns. C. The increase in profit as the production level increases from 50 to 100 units. D. The total revenue generated by the manufacturer. E. The total cost generated by the manufacturer. F. The increase in revenue as the production level increases from 50 to 100 units.
(b) Upon closer inspection of the graph, a table of data values for and (each in thousands of dollars per unit manufactured) is generated below:
Use the Midpoint Rule with to estimate the value of the shaded region (in thousands of dollars).
Value of the shaded region = thousand dollars
You can earn partial credit on this problem.