Fill in the four missing numbers indicated in the table above. **** (i) ......... ... ..... w............... ....... w............. ..... ..... ...... ... (ii) ** ....... .... . ..... .... ...... ... ..... (iii) *** ........... (iv)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question #4: Below are the demand and cost schedules for Rogaine (a drug used to treat ma
baldness). Assume that the drug company has a monopoly on selling Rogaine.
TR =
MR =
TC =
MC =
Quantity
Demanded
Price
Total
Marginal
Total
Marginal
Cost
Revenue
Revenue
Cost
70
100
--
--
1
65
65
65
105
5
(i)
165
60
55
108
3
3
55
45
114
(iv)
4
50
200
(ii)
123
9.
5
45
225
25
(iii)
12
40
240
15
150
15
7
35
245
5
168
18
8.
30
240
-5
189
21
9.
25
225
-15
214
25
10
20
200
-25
243
29
а)
Fill in the four missing numbers indicated in the table above.
(i)
(ii)
(iii)
(iv)
Transcribed Image Text:Question #4: Below are the demand and cost schedules for Rogaine (a drug used to treat ma baldness). Assume that the drug company has a monopoly on selling Rogaine. TR = MR = TC = MC = Quantity Demanded Price Total Marginal Total Marginal Cost Revenue Revenue Cost 70 100 -- -- 1 65 65 65 105 5 (i) 165 60 55 108 3 3 55 45 114 (iv) 4 50 200 (ii) 123 9. 5 45 225 25 (iii) 12 40 240 15 150 15 7 35 245 5 168 18 8. 30 240 -5 189 21 9. 25 225 -15 214 25 10 20 200 -25 243 29 а) Fill in the four missing numbers indicated in the table above. (i) (ii) (iii) (iv)
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