# The table shows the demand schedule of a monopolist. Calculate marginal revenue and fill in the revenue column in the table.Assume that output can only be sold in integer amounts (i.e., 1 unit, 2 units, etc.). Once you have filled in marginal revenue,identify the quantity produced by the monopolist in this market.Not all numbers in the answer bank will be used.Quantity PriceMarginal costMarginal revenue\$13Answer Bank\$3\$13\$12\$4\$1\$8\$5\$1\$9\$6\$10\$2\$6\$10\$7\$4\$9\$7\$5\$8\$8\$3\$0\$12How many units does the monopolist produce?6.units

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Step 1

Since the given table gives information about the MC, we can calculate MR from the total revenue.

Total Revenue = Price * Quantity

Marginal revenue i...

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