. Chapter 8 Monopoly - Question 5 Use the following demand schedule for a monopolist to calculate total revenue and marginal revenue. For each price, indicate whether demand is elastic, unit elastic or inelastic. Using the data from the demand schedule, graph the demand curve, the marginal revenue curve and the total revenue curve. Identify the elastic, unit elastic and inelastic segments along the demand curve. Price $5.00 4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0.00 Quantity demanded Total revenue Marginal revenue Price elasticity of demand 0 4 8 12 16 20 24 28 32 36 40

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