Suppose the following data represent the market demand for catfish:  Price (per unit) $20 19 18 17 16 15 14 13 12 11 Quantity demanded (units per day) 12 13 14 15 16 17 18 19 20 21 Total revenue — — — — — — — — — — Marginal revenue — — — — — — — — — — Compute total and marginal revenue to complete the table above. At what rate of output is total revenue maximized? At what rate of output is MR less than price? At what rate of output does MR first become negative? Graph the demand and MR curves.

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