Refer to the demand schedule below.
(A) Use the demand schedule to calculate total revenue an...
Refer to the demand schedule below.
(A) Use the demand schedule to calculate total revenue and marginal revenue at each quantity.
(B) Plot the demand, total-revenue, and marginal-revenue curves
Instructions: Round your answers to 2 decimal places. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
Price Quantity Demanded Price Quantity Demanded
$7.00 0 $4.50 5
6.50 1 4.00 6
6.00 2 3.50 7
5.50 3 3.00 8
5.00 4 2.50 9
Answers: 1
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