The table below presents price and revenue information for Hayek Co., a monopolistic competitor. Hayek Co. makes dishwashers. Quantity Price in $ Total Revenue in
The table below presents price and revenue information for Hayek Co., a monopolistic competitor. Hayek Co. makes dishwashers. Quantity Price in $ Total Revenue in $ Marginal Revenue in $ Marginal cost in $ 18 50.00 900.00 19 49.00 931.00 19.00 20 48.00 960.00 21.00 21 47.00 987.00 23.00 22 46.00 1012.00 25.00 23 45.00 1035.00 27.00 24 44.00 1056.00 29.00 25 43.00 1075.00 31.00 Fill in the missing columns by calculating marginal revenue.Fill in the missing columns by calculating marginal revenue. What is the equilibrium quantity that Hayek Co. will produce? What is the equilibrium price that Hayek Co. charges for its product
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