Imagine you are the owner of a business manufacturing and selling a particular type of table in the home furniture industry. The average variable costs of producing each table are $180 while the fixed costs are $12,000. Also, you have carried out some market research and found that the total number of customers wishing to buy the table varies with changes in price of the table as shown below: Product: Table Price (E) Quantity Demanded 100 770 140 680 180 610 220 550 260 500 300 460 340 400 380 320 Q1) Calculate total revenues at different prices. Q2) Which price would yield the greatest revenue? Q3) Draw the demand curve for the tables.|