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Minnie's Rare Roses is a single-price monopoly. The table shows the demand schedule for Minnie's rosebushes (columns 1 and 2) and the firm's total cost
Minnie's Rare Roses is a single-price monopoly. The table shows the demand schedule for Minnie's rosebushes (columns 1 and 2) and the firm's total cost schedule (columns 2 and 3). Calculate Minnie's total revenue and marginal revenue schedules. Total Total Marginal Price Quantity cost revenue revenue (dollars per (bushes (dollars (dollars (dollars per bush) per hour) per hour) per hour) bush) 10 0 1 9 1 2 8 2 4 7 3 7
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