a. Calculate Minnie’s total revenue schedule.
b. Calculate its marginal revenue schedule.
Minnie’s Mineral Springs, a single-price monopoly, faces the market demand schedule in the table.
PriceQuantity demanded
(dollars per bottle) (bottles per hour)
10 ………………………………….0
8 ………………………………….1
6 ………………………………….2
4 ………………………………….3
2 ………………………………….4
0 ………………………………….5