a. Compute total and marginal revenue to complete the following table. Quantity Demanded (units per day) 12 Price (per unit) Total Marginal Revenue Revenue S20 19 13 18 14 17 15 16 16 15 17 14 18 13 19 12 20 11 21 b At what rate of output is total revenu maimized? unts per day

a. Compute total and marginal revenue to complete the following table. Quantity Demanded (units per day) 12 Price (per unit) Total Marginal Revenue Revenue S20 19 13 18 14 17 15 16 16 15 17 14 18 13 19 12 20 11 21 b At what rate of output is total revenu maimized? unts per day

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter14: Monopoly

Section: Chapter Questions

Problem 3PA

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Question

a. Compute total and marginal revenue to complete the following table.
Price (per
unit)
Quantity
Demanded
Total
Revenue
Marginal
Revenue
(units per day)
$20
12
19
13
18
14
17
15
16
16
15
17
14
18
13
19
12
20
11
21
b At what rate of output is total revene maximized?
units per day
E Al what rate of output is MR prce?
a At what ate of output does MR frst become
negative?
At quantities
unes day
grvater than

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