The following table shows the different quantities sold by a monopolist at different prices.

a) Estimate the total revenue and marginal revenue of the monopolist at the different quantities.
b) If the monopolist faces a constant marginal cost of $2.29,what is the optimal output it should produce?

Question

The following table shows the different quantities sold by a monopolist at different prices.
  
a) Estimate the total revenue and marginal revenue of the monopolist at the different quantities.
b) If the monopolist faces a constant marginal cost of $2.29,what is the optimal output it should produce?

Quizplus · Accepted Answer

The Answer of The following table shows the different quantities sold by a monopolist at different prices.
  
a) Estimate the total revenue and marginal revenue of the monopolist at the different quantities.
b) If the monopolist faces a constant marginal cost of $2.29,what is the optimal output it should produce?

The Following Table Shows the Different Quantities Sold by a Monopolist