Microeconomics,, 16th Canadian Edition

Problems

10. The table below shows data for a single-price monopolist.

Price Quantity

Demanded

Total

Revenue

(TR)

Average

Revenue

(AR)

Marginal

Revenue

(MR

$20 100 — — —

18 125 — — —

16 150 — — —

14 175 — — —

12 200 — — —

10 225 — — —

8 250 — — —

6 275 — — —