Question: Use the demand schedule to answer the question. a) (10 marks) Fill in the marginal revenue table. (Monopoly and Price Ceiling). Price Quantity Marginal Revenue

Use the demand schedule to answer the question. a) (10 marks) Fill in the marginal revenue table. (Monopoly and Price Ceiling).

Price Quantity Marginal Revenue (no price ceiling) (Marginal Revenue (Price ceiling = $9) $13 0 $12 1,000 $11 2,000 $10 3,000 $9 4,000 $8 5,000 Leave blank Leave blank

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