Question
Suppose the accompanying table describes the demand for a good produced by monopolist. Price Quantity $ 20 1 19 2 18 3 17 4 16
Suppose the accompanying table describes the demand for a good produced by monopolist.
Price Quantity $ 20 1 19 2 18 3 17 4 16 5 15 6 14 7 13 8 12 9 11 10 10 11 9 12
The monopolist's total revenue from selling two units is ______, and the monopolist's marginal revenue from selling the second unit is ______.
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
