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rosesnail820Lv1
28 Sep 2019
A) Use the demand schedule that follows to calculate total revenue and marginal revenue at each quantity.
Instructions: Do not include a dollar sign with values in the table. Do not enter more than 2 decimal places for any answer in the table.
Price (P) Quantity
Demanded Total
Revenue Marginal
Revenue $ 7.00 0 $ - 6.50 1 $ 6.00 2 5.50 3 5.00 4 4.50 5 4.00 6 3.50 7 3.00 8 2.50 9
B) Plot the demand, total-revenue, and marginal-revenue curves.
A) Use the demand schedule that follows to calculate total revenue and marginal revenue at each quantity.
Instructions: Do not include a dollar sign with values in the table. Do not enter more than 2 decimal places for any answer in the table.
Price (P) | Quantity Demanded | Total Revenue | Marginal Revenue |
$ 7.00 | 0 | $ | - |
6.50 | 1 | $ | |
6.00 | 2 | ||
5.50 | 3 | ||
5.00 | 4 | ||
4.50 | 5 | ||
4.00 | 6 | ||
3.50 | 7 | ||
3.00 | 8 | ||
2.50 | 9 |
B) Plot the demand, total-revenue, and marginal-revenue curves.
Darryn D'SouzaLv10
28 Sep 2019