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The graph below shows the demand and marginal cost curves for the monopolist Mr. Peanut. a. Draw the marginal revenue curve. Plot only the endpoints
The graph below shows the demand and marginal cost curves for the monopolist Mr. Peanut. a. Draw the marginal revenue curve. Plot only the endpoints of the graph below. o] 120 Tools 110 / 100 : 90 marginal revel 80 70 60 50 40 30 20 10 Costs and revenues 0 O 15 30 45 60 75 90105120135150165180 Quantity per period b. What are the values of the profit-maximizing output and price? Output: Price: $ c. What are the values of output, price and total revenue when the firm's total revenue is maximized? Output: Price: $ Total revenue: $
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