Question: Assume that the monopolist in problem 4 had fixed costs of $10 and a constant marginal cost of $4 per unit. Add columns to the

Assume that the monopolist in problem 4 had fixed costs of $10 and a constant marginal cost of $4 per unit. Add columns to the above table for Total Cost, Marginal Cost, andprofit.

Quantity Total Revenue Marginal Revenue Demand Elastic or Inelastic? Price $11 10 6 10 2

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