The demand schedule for a single-price monopoly is given in the table below. Calculate the marginal revenue.
$$\begin{array} { c c c }
\begin{array} { c }
\text { Quantity } \
\text { (units) }
\end{array} & \begin{array} { c }
\text { Price } \
\text { (dollars) }
\end{array} & \begin{array} { c }
\text { Marginal revenue } \
\text { (dollars) }
\end{array} \
\hline 0 & 24 & \
1 & 22 & - \
2 & 20 & - \
3 & 18 & - \
4 & 16 & - \
5 & 14 & - \
6 & 12 & - \
7 & 10 & - \
8 & 8 & - \
\hline
\end{array}$$

Question

The demand schedule for a single-price monopoly is given in the table below. Calculate the marginal revenue.
 $$\begin{array} { c c c } 
\begin{array} { c } 
\text { Quantity } \
\text { (units) }
\end{array} & \begin{array} { c } 
\text { Price } \
\text { (dollars) }
\end{array} & \begin{array} { c } 
\text { Marginal revenue } \
\text { (dollars) }
\end{array} \
\hline 0 & 24 & \
1 & 22 & - \
2 & 20 & - \
3 & 18 & - \
4 & 16 & - \
5 & 14 & - \
6 & 12 & - \
7 & 10 & - \
8 & 8 & - \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of The demand schedule for a single-price monopoly is given in the table below. Calculate the marginal revenue.
 $$\begin{array} { c c c } 
\begin{array} { c } 
\text { Quantity } \
\text { (units) }
\end{array} & \begin{array} { c } 
\text { Price } \
\text { (dollars) }
\end{array} & \begin{array} { c } 
\text { Marginal revenue } \
\text { (dollars) }
\end{array} \
\hline 0 & 24 & \
1 & 22 & - \
2 & 20 & - \
3 & 18 & - \
4 & 16 & - \
5 & 14 & - \
6 & 12 & - \
7 & 10 & - \
8 & 8 & - \
\hline
\end{array}$$

The Demand Schedule for a Single-Price Monopoly Is Given in the Table