2 Dannys Diamond Mines, a single-price monopoly, faces the market demand schedule: Price Quantity demanded (euros per

Question:

2 Danny’s Diamond Mines, a single-price monopoly, faces the market demand schedule: Price Quantity demanded (euros per diamond) (diamonds per day) 1,100 0 900 1 700 2 500 3 300 4 a Calculate the total revenue schedule for Danny’s mine. b Calculate the marginal revenue schedule.

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