ssume a monopolist faces the demand schedule given below and a constant marginal cost of $$2$ for each unit of output.

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

Price Quantity demanded Total revenue Marginal revenue

$120$

$---$

$101$

$62$

$43$

$14$

Part $2(0\mathrm{.}4$ point$)$See Hint

To maximize profit, this monopolist would produce

units of output at a price of $

per unit.

Answer rating: 100% (QA)

To fill in the total and marginal revenue amounts in the table we can use the following formulas Tot... View the full answer