Ariana Grande has just finished recording her latestCD. Her record company’s marketing departmentdetermines that the demand for the CD is asfollows:Price Number of CDs$24 10,00022 20,00020 30,00018 40,00016 50,00014 60,000The company can produce the CD with no fixed costand a variable cost of $5 per CD.a. Find total revenue for quantity equal to 10,000,20,000, and so on. What is the marginal revenuefor each 10,000 increase in the quantity sold?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Ariana Grande has just finished recording her latest
CD. Her record company’s marketing department
determines that the demand for the CD is as
follows:
Price Number of CDs
$24 10,000
22 20,000
20 30,000
18 40,000
16 50,000
14 60,000
The company can produce the CD with no fixed cost
and a variable cost of $5 per CD.
a. Find total revenue for quantity equal to 10,000,
20,000, and so on. What is the marginal revenue
for each 10,000 increase in the quantity sold?

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