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Safari File Edit View History Bookmarks Window Help ocean.instructure.com Quiz: Test 3 a ChatGPT OCEAN COUNTY COLLEG aaa O Ocean Connect 2023FA Home Announcements First Day Materials CALLING ALL GRADUATES - EOF VIKING SCHOLAR... startea: NOV Zl at Quiz Instructions For the multiple choice questions be sure to select the BEST answer. For the short answer questions you will be provided a text box with the question where you can enter your answer. There are no re-tries for this test, please be aware of the time limit. You may treat this test as an open book, open note assessment, but do not seek help from anyone else. Modules Grades Cisco Webex Office 365 10 pts o Tue Nov 21 1:05 PM Homework Help - Q&A from Online Tutors - Course... O Question 2 O Question 3 O Question 4 O Question 5 O Question 6 O Question 7 O Question 8 Time Running: Hide Time Attempt due: Nov 21 at 11:59pm 59 Minutes, 56 Seconds D D Question 1 O Given the following Demand information for a Monopolist, please calculate total revenue and marginal revenue for each price and quantity combination, and select the correct answer for Total Revenue. The next question is about the Marginal Revenue. Price Quantity Total Revenue Marginal Revenue $10.00 1 Brainfuse Online Tutoring - F2F Google Drive DropOut Detective (F2F) $8.00 $6.00 $4.00 $2.00 2 3 4 5 Total revenue begins at $10 when Quantity is 1, then changes to $8 at Quantity of 2, then becomes $6, $4, and then $2 as Quantity increases one by one to O 5. Total revenue begins at $10 when Quantity is 1, then increases to $16 at Quantity of 2, then becomes $18, $16, and then $10 as Quantity increases one by O one to 5. Total revenue begins at $10 when Quantity is 1, then increases to $13 at Quantity of 2, then becomes $14.67, $15, and then $14 as Quantity increases one O by one to 5. Total revenue begins at $10 when Quantity is 1, then increases to $26 at Quantity of 2, then becomes $44, $60, and then $70 as Quantity increases one by O one to 5. Question 2 10 pts Given the same Demand information for a Monopolist, please use your calculations of total revenue and marginal revenue for each price and quantity combination, and select the correct answer now regarding marginal revenue.