c. If this is a monopoly firm, a part of the demand schedule and the marginal revenue is given by the following table, assuming the demand curve is linear, fill in the blank of the table below, draw a demand curve and analyze the market. Units of Output 0 5 6 9 10 Price 62 Total Revenue 0 Marginal Revenue 26 10
c. If this is a monopoly firm, a part of the demand schedule and the marginal revenue is given by the following table, assuming the demand curve is linear, fill in the blank of the table below, draw a demand curve and analyze the market. Units of Output 0 5 6 9 10 Price 62 Total Revenue 0 Marginal Revenue 26 10
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Please dear not hand written
![pls help me to fill in the blank,thank you !!
This is a monopoly firm, and MR-MC-P
Units of Fixed
output Cost
0
1
2
3
4
5
6
7
8
9
10
100
100
100
100
100
100
100
100
100
100
100
Variable Total
Cost
Cost
6
0
7
9
10
38
68
86
106
132
Units of Output
0
5
158
186
236
298
400
100
138
168
186
206
232
258
286
336
398
500
Price
Marginal Average Average
Cost
Variable
Fixed
Cost
Cost
62
38
30
18
20
26
26
28
50
62
102
fine
100
50
33.33
25
20
0
16.67
14.29
12.50
11.11
10
c. If this is a monopoly firm, a part of the demand schedule and the marginal
revenue is given by the following table, assuming the demand curve is linear, fill
in the blank of the table below, draw a demand curve and analyze the market.
Total Revenue
38
34
28.67
26.50
26.40
26.33
26.57
29.5
33.11
40
Marginal Revenue
26
10
Average
Total
Cost
138
84
62
51.5
46.4
43
40.86
42
44.22
50](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fea08dc2e-419d-4876-9129-a8e97194be67%2F9bb3b210-1691-429f-b373-5a8ef0038c9d%2Fu5s70kx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:pls help me to fill in the blank,thank you !!
This is a monopoly firm, and MR-MC-P
Units of Fixed
output Cost
0
1
2
3
4
5
6
7
8
9
10
100
100
100
100
100
100
100
100
100
100
100
Variable Total
Cost
Cost
6
0
7
9
10
38
68
86
106
132
Units of Output
0
5
158
186
236
298
400
100
138
168
186
206
232
258
286
336
398
500
Price
Marginal Average Average
Cost
Variable
Fixed
Cost
Cost
62
38
30
18
20
26
26
28
50
62
102
fine
100
50
33.33
25
20
0
16.67
14.29
12.50
11.11
10
c. If this is a monopoly firm, a part of the demand schedule and the marginal
revenue is given by the following table, assuming the demand curve is linear, fill
in the blank of the table below, draw a demand curve and analyze the market.
Total Revenue
38
34
28.67
26.50
26.40
26.33
26.57
29.5
33.11
40
Marginal Revenue
26
10
Average
Total
Cost
138
84
62
51.5
46.4
43
40.86
42
44.22
50
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