*please use the values below of B and FC to answer*

B = 9 | FC = 50

Monopoly: Now suppose that your firm is operating as a monopolist in an industry where

the demand curve is given by: Q^d = A - P

where A depends on your value of B and can be found in the table below:

Q 1 2 3 4 5 6 7 8 9 10

P_SR 30 36 40 60 84 112 144 90 110 132

a) Complete the table below for values of Q from 0 to 20, where PM is the monopoly price, TR is total revenue, AR is average revenue and MR is marginal revenue.

Q PM TR AR MR

0

1

2

...

19

20

b) Produce a graph that shows the demand curve, the firm's marginal revenue curve, and

the firm's marginal cost and average total cost curves that you found in question one.