I've figured out Part A but I'm struggling with the rest...

This assignment has three questions. The third is based on The Medicines Company case. 1. The rst two colunms in the table shows the demand curve facing a monopolist who produces at a constant marginal cost of $l and a xed cost of H). Price Quantity Ila-wane Gout. Prot 13 I] 16 4 14 3 1 2 12 1G IE 3 2H '5 24 4 23 2 32 G 36 {a} Fill in the rest of the table and indicate which price maximises the rst prots. Feel free to do this in Excel, and note that you don't need to calculate marginal revenue [or marginal cost} to answer the question. {b} What linear demand equation {or inverse demand equation} describes the rst two columns in the table above? (Hint: A line is y 2 mm + l? where b is the intercept. 1When :c = D, then 3; = [1. So when :3 = {1 above, then the price must be the price axis intercept.) {c} What is the total revenue and marginal revenue as a function of 9'? That is use the equation for inverse demand, 131:9}, to nd TR[q]I = p[q}q and 1H qu}. Remember that if revenue is or: + {14:13. the marginal revenue is o + 2bq. {d} Set marginal cost equal to marginal revenue and solve for the prot maidnzing output. and the associatei protmaximising price and prot. {e} lfthe market were perfectly competitive [manyr rms each with a marginal cost of $1ll}, what would be the equilibrium price and quantityr sold