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Hello, please help me understand the following exercise: 18. Following are the demand, total revenue, marginal revenue, total cost and marginal cost schedules (All in

Hello, please help me understand the following exercise:

18. Following are the demand, total revenue, marginal revenue, total cost and marginal cost schedules (All in $) for a monopolist publisher of a textbook in Microeconomics.

Number of books per hour

Price

Total

Revenue

Total Cost

Marginal Revenue

Marginal Cost

0

8

12

1

7

15

2

6

17

3

5

20

4

4

24

5

3

29

When the monopolist publisher maximizes its profits, what would be his total profit ($) per hour?

19. Following are the demand, total revenue, marginal revenue, total cost and marginal cost schedules (All in $) for a monopolist publisher of a textbook in Microeconomics.

Number of books per hour

Price

Total Revenue

Total Cost

Marginal Revenue

Marginal Cost

0

8

12

1

7

15

2

6

17

3

5

20

4

4

24

5

3

29

When the monopolist publisher maximizes its profits, what would be his total cost ($) per hour?

20.Following are the demand, total revenue, marginal revenue, total cost and marginal cost schedules (All in $)for a monopolist publisher of a textbook in Microeconomics.

Number of books per hour

Price

Total Revenue

Total Cost

Marginal Revenue

Marginal Cost

0

8

12

1

7

15

2

6

17

3

5

20

4

4

24

5

3

29

If the monopolist publisher shuts down and prints no books, how much money does he lose ($) ?

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