6 Chrome File Edit Bookmarks View History Profiles Tab Window Help Question 2 , Post Clai- ezto'mheducationom Post Class Quiz #4: Chapters 6 & 7 0 Saved Help Save 8. Exit Submit Nirvana Resort operates in an oligopoly' The resort's room rentals are 0 per night at a rate of $105, 20 at $90, 40 at $75, 55 at $60, and 70 at $45, as shown in the graph below. Nirvana Resort's Demand and Marginal Revenue Curves 125 110 a 95 80 65 ' 50 $ per room 35 20 0 10 20 30 40 50 60 70 80 Rooms per night 6 Chrome File Edit Bookmarks View History Profiles Tab Window Help Question 2 , Post Clai- eztormheducationcom Post Class Quiz #4: Chapters 6 & 7 0 Saved Help Save 8. Exit Submit a. Fill in this table. Remember that marginal values for marginal product are shown in rows between those used to show total and average values. Include a minus sign () for any negative values, (2) (1) Quantity (3) (4) Price (room- per Total Revenue Marginal Revenue ($ per room) night) ($) ($ per room) 105 | | | | 90 | | | | 75 | | | | 6 | | | | 45 | | | | b. Why does the resort face a kink in its demand curve at a quantity of 40 rooms per night? In the ranges O to 20 rooms and 20 to 40 rooms, each time the price falls by $ |:| . Quantity on the demand curve increases by rooms. In the ranges 40 to 55 rooms and 55 to 70 rooms, each time the price falls by $ . Quantity on the demand curve increases by rooms. c. Why does the resort's MR curve have a vertical segment at the quantity associated with the kink in the demand curve? The MR segment associated with the upper portion of the demand curve has a (Click to select) v value at 40 rooms than does the MR segment associated with the lower portion of the demand curve