Monopoly: Fantastic Films is the only movie theater in an isolated town. The table below illustrates the demand schedule for movie tickets and the cost schedule for producing the movies. Complete the table and sketch a graph of the theater's demand functions, marginal revenue, and marginal cost.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Monopoly: Fantastic Films is the only movie theater in an isolated town. The table below illustrates the demand schedule for movie tickets and the cost schedule for producing the movies.

Complete the table and sketch a graph of the theater's demand functions, marginal revenue, and marginal cost.

Price ($ per
ticket)
Quantity
(tickets per
show)
200
18
100
16
200
14
300
12
400
10
500
8
600
6
700
4
800
Fantastic Films
Total Revenue (dollars
per show)
Marginal Revenue
Total Cost
(dollars per
show)
1000
1600
2200
2800
3400
4000
4600
5200
5800
Marginal Cost
Transcribed Image Text:Price ($ per ticket) Quantity (tickets per show) 200 18 100 16 200 14 300 12 400 10 500 8 600 6 700 4 800 Fantastic Films Total Revenue (dollars per show) Marginal Revenue Total Cost (dollars per show) 1000 1600 2200 2800 3400 4000 4600 5200 5800 Marginal Cost
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