1.Use figures 24.2 and 24.3 to answer the following questions:

Table 24.2

$14 A 13 B 12 Marginal revenue is C less than price for 11 a monopoly. D 10 E F G UT O V 00 6 Demand PRICE (dollars per bushel) (= price) W f Marginal revenue N 2 3 4 5 6 00 9 10 QUANTITY (bushels of fish per day) Total Marginal Revenue Quantity X Price Revenue (= ATR : Aq) $13 $13 12 24 $11 UT A WN - 11 33 10 40 9 45$14 13 MC ATC Price D PRICE OR COST (dollars per bushel) MR = MC - NW AUTO NOOO= Demand Marginal revenue 0 2 3 4 5 6 7 8 9 QUANTITY (bushels of fish per day)