Question: Assume a monopolist faces the demand schedule given belowand a constant marginal cost of $2for each unit of output. Fill in the total and marginal

Assume a monopolist faces the demand schedule given belowand a constant marginal cost of $2for each unit of output.

Fill in the total and marginal revenue amounts in the table.

Price: 12. Quantity Demanded: 0. Total Revenue: ______. Marginal Revenue: ________.

Price: 10. Quantity Demanded: 1. Total Revenue: ______. Marginal Revenue: ________

Price: 6. Quantity Demanded: 2. Total Revenue: ______. Marginal Revenue: ________

Price: 4. Quantity Demanded: 3. Total Revenue: ______. Marginal Revenue: ________

Price: 1. Quantity Demanded: 4. Total Revenue: ______. Marginal Revenue: ________.

Fill In The Blanks.

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