Suppose Ned€™s Beds does not have to lower the price in order to sell more beds. Specifically, suppose Ned can sell all the beds he wants at a price of $275 per bed.
a. What will Ned€™s MR curve look like?
b. In Table, how would you change the numbers in the marginal revenue column to reflect the constant price for beds?
c. Using the marginal cost and new marginal revenue numbers in Table, find the number of beds Ned shouldsell.

Output (Troy Ounces of (per Troy Tota Marginal Total Marginal (7) Gold per Day) Ounce) Revenue Revenue Cost Cost Profit -$1,100 $900 -$1,200 $400 2 800 $ 500 300 $1,000 $500 6 $1,300 $1,400 $ 900 8 $1,100 $1,000 $,300 10 $ 500