REVENUE AND COST SCHEDULE Quantity Total Revenue Marginal Revenue Total Marginal Cost Cost Profit $0 $62 -$62 10 $40 $90 $2.80 -$50 20 $80 54 $110 $2.00 -$30 30 $120 $4 $126 $1.60 -$6 40 $160 $138 $1.20 $22 50 $200 $4 $150 $1.20 $50 60 $240 $4 $165 $1.50 $75 70 $280 64 $190 $2.50 $90 BO $320 54 $230 $4.00 $90 90 $360 $4 $298 $6.60 $64 100 $400 $4 $400 $10.40 110 $440 $4 $550 $15.00 $110 120 $480 $4 $715 $16.50 -$235 QUESTIONS: 1. What kind of Market Structure is this? 2. How much is the Price per unit of output? 3. How much is the value of MR at quantity of output 100 units? 4. How much is the value of Maximum profit from TR-TC and from MR=MC 5. Why is Price equal to Marginal Revenue? E N D