Economics Price Quantity (dollars per demanded pound) (pounds per day) 2,200 5 2,000 6 1,800 1,600 8 1,400 1,200 10 1. The table has the demand schedule for industrial diamonds faced by Dolly's Diamond Mines, a single-price monopoly a. Calculate Dolly's total revenue schedule. b. Calculate its marginal revenue schedule. Quantity Total cost produced (dollars) (pounds per day) 5 8,000 6 9,000 7 10,000 8 11,600 13,200 10 15,000 2. Dolly's Diamond Mines in problem 1 has the total cost schedule in the table. Calculate the profit-maximizing levels of a. Output b. Price C. Economic profit d. Does Dolly's Mines use resources efficiently? Explain your