a. b. Quantity Price $70 C. d. 1 12 13 15 16 17 18 19 10 $58 $46 $34 Total Revenue $28 $80 $224 $328 $70 $128 $240 $198 $160 Average Revenue $64 $22 $16 Marginal Revenue $58 Refer to Table 1. If the monopolist sells 8 units of its product, how much total revenue will it receive from the sale? $34 $22 $-2 $-14 $-26

a. b. Quantity Price $70 C. d. 1 12 13 15 16 17 18 19 10 $58 $46 $34 Total Revenue $28 $80 $224 $328 $70 $128 $240 $198 $160 Average Revenue $64 $22 $16 Marginal Revenue $58 Refer to Table 1. If the monopolist sells 8 units of its product, how much total revenue will it receive from the sale? $34 $22 $-2 $-14 $-26

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Monopoly

Section: Chapter Questions

Problem 4CQQ

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