Section B: Answer any two (2) questions (Marks: 16) 2. Casio Transport is a single-price monopoly. Columns 1 and 2 of the table set out the market demand schedule and columns 2 and 3 set out the total cost schedule: Price Quantity demanded Total Cost ($/trip) (trips per week) ($/week) 221 0 80 201 1 160 181 2 260 161 3 380 141 520 121 5 680 (a) Construct Casio Transport's total revenue, marginal revenue and marginal cost schedules. (3) (b) Find Casio Transport's profit-maximizing output and price and calculate the firm's economic profit. (3) (2) (C) Draw a graph showing Casio Transport's Demand curve, MR & MC