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tuggy tuggy
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6 years ago
The following table shows the different quantities sold by a monopolist at different prices.

Quantity (units)   Price ($)
1,000   14
1,350   12
1,700   10
2,100   8
2,650   6
3,000   4
3,300   2

a)   Estimate the total revenue and marginal revenue of the monopolist at the different quantities.
b)   If the monopolist faces a constant marginal cost of $2.29, what is the optimal output it should produce?
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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tuggy Author
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#2
6 years ago
Thanks for helping on my microeconomics tutorial
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