Question

Monopoly and MR

p	q=Q	TFC	TVC	TC	ATC	MC	TR	MR	Profit
67.5	0	96	0	96	..	..	?	?	?
45	5	96	37.5	133.5	26.7	15	?	?	?
40.5	6	96	54	150	25	18	?	?	?
36	7	96	73.5	169.5	24.21429	21	?	?	?

The Smith Shirt Co. has obtained an exclusive license to be the sole official producer of soccer shirts with team logos. The costs in this table remain as before - outputs, cost, revenue, and profit are daily figures. The price and quantity numbers are derived from the market demand for soccer shirts.

1) Complete the table and show all work for how you found TR, MR and Profit for a monopoly.