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QUESTION 7 Given the following table: Quantity Demanded AR TR MR $12 $12 $12 N 11 22 10 10 30 8 4 9 36 6

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QUESTION 7 Given the following table: Quantity Demanded AR TR MR $12 $12 $12 N 11 22 10 10 30 8 4 9 36 6 00 ur 40 42 N a 42 O 00 40 - 2 36 10 W 30 hs -6 a) At what output is total revenue maximized? What is the marginal revenue at this output? b) What is the maximum output the monopolist would produce? c) What is the elasticity of demand for outputs less than the quantity in c)? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B I US Paragraph Arial 10pt Ev A V TX EEXX & IT - + ABC X Click Save and Sul

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