Fill the following table for a monopolist firm. Marginal revenue Total revenue Output Price 0 $100 1 $85 2 $70 3 $55 4 $40 5 $25 Draw the demand curve and the marginal revenue curve for the above...



  1. Fill the following table for a monopolist firm.

















































Marginal revenue




Total revenue




Output




Price



0



$100



1



$85



2



$70



3



$55



4



$40



5



$25




  1. Draw the demand curve and the marginal revenue curve for the above table. And explain the relationship between the marginal revenue and the price.







Jun 09, 2022
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