Dreher's Designer Shirt Company, a monopolist, has the following cost and revenue information. What is the marginal revenue from selling the 5th shirt? COSTS Quantity Produced ($) 0 1 2 3 4 5 6 7 Total Cost Marginal 8 100 140 184 230 280 335 395 475 575 Cost REVENUES Quantity Demanded ($) 0 1 2 3 4 5 6 7 Price 8 170 160 150 140 130 120 110 100 95 Total Revenue Marginal Revenue

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Dreher's Designer Shirt Company, a monopolist, has the following cost and revenue
information. What is the marginal revenue from selling the 5th shirt?
COSTS
Quantity
Produced ($)
1
2
3
4
5
6
7
8
$120
Total Cost Marginal
$110
100
140
184
230
280
335
395
475
575
Cost
REVENUES
Quantity
Demanded ($)
0
1
2
3
4
5
6
7
8
Price
170
160
150
140
130
120
110
100
95
Total
Revenue
Marginal
Revenue
Transcribed Image Text:Dreher's Designer Shirt Company, a monopolist, has the following cost and revenue information. What is the marginal revenue from selling the 5th shirt? COSTS Quantity Produced ($) 1 2 3 4 5 6 7 8 $120 Total Cost Marginal $110 100 140 184 230 280 335 395 475 575 Cost REVENUES Quantity Demanded ($) 0 1 2 3 4 5 6 7 8 Price 170 160 150 140 130 120 110 100 95 Total Revenue Marginal Revenue
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