a. b. Quantity Price $70 C. d. 1 12 13 15 16 17 18 19 10 $58 $46 $34 Total Revenue $28 $80 $224 $328 $70 $128 $240 $198 $160 Average Revenue $64 $22 $16 Marginal Revenue $58 Refer to Table 1. If the monopolist sells 8 units of its product, how much total revenue will it receive from the sale? $34 $22 $-2 $-14 $-26

a. b. Quantity Price $70 C. d. 1 12 13 15 16 17 18 19 10 $58 $46 $34 Total Revenue $28 $80 $224 $328 $70 $128 $240 $198 $160 Average Revenue $64 $22 $16 Marginal Revenue $58 Refer to Table 1. If the monopolist sells 8 units of its product, how much total revenue will it receive from the sale? $34 $22 $-2 $-14 $-26

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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