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Consider the case where the monopolist's cost equal 1.5Q2 and its inverse demand function equals P = 20 -Q. Complete the following table. Marginal O
Consider the case where the monopolist's cost equal 1.5Q2 and its inverse demand function equals P = 20 -Q. Complete the following table. Marginal O P TR TC Profit Revenue (MR) MC 0 $20 $0 $0 $19 $19 $1.5 $17.5 $19 $1.5 2 $18 $36 $6 $30 $17 $4.5 3 $17 $13.5 4 $16 $24 U $15 $37.5 6 $14 $84 $54 $30 $9 $16.5 7 $13 $91 $73.5 $17.5 $7 $19.5 8 $12 $96 $96 $0 $5 $22.5 9 $11 $99 $121.5 $22.5 $3 $25.5 10 $10 $100 $150 -$50 $1 $28.5
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