A monopolist with constant marginal cost of $4 faces demand Qp = 20-2P. This implies that...

 

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A monopolist with constant marginal cost of $4 faces demand Qp = 20-2P. This implies that the inverse demand curve is P = 10- -Q and that the marginal revenue is MR = 10 - Q. Given the information above draw the demand, marginal revenue, and marginal cost curves. 1.) Using the line drawing tool, draw the demand curve for the monopolist. Label the curve appropriately. 2.) Using the line drawing tool, draw the marginal revenue curve for the monopolist. Label the curve appropriately. 3.) Using the line drawing tool, draw the marginal cost curve for the monopolist. Label the curve appropriately. Carefully follow the instructions above, and only draw the required objects. Price ($) 18- 15- 12- 6- 3- 15 Quantity 20 A monopolist with constant marginal cost of $4 faces demand Qp = 20-2P. This implies that the inverse demand curve is P = 10- -Q and that the marginal revenue is MR = 10 - Q. Given the information above draw the demand, marginal revenue, and marginal cost curves. 1.) Using the line drawing tool, draw the demand curve for the monopolist. Label the curve appropriately. 2.) Using the line drawing tool, draw the marginal revenue curve for the monopolist. Label the curve appropriately. 3.) Using the line drawing tool, draw the marginal cost curve for the monopolist. Label the curve appropriately. Carefully follow the instructions above, and only draw the required objects. Price ($) 18- 15- 12- 6- 3- 15 Quantity 20

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