Question 17 AMSN.com Hollnil Outlo X Chambe\'lain Urne, sity × Week 3: MEL Hon w

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Question 17

AMSN.com Hollnil Outlo X Chambe'lain Urne, sity × Week 3: MEL Hon wurk × @ Do Homework Pamela HdX www.google.com/ CSearch Principles of Economics Pamela Harris 11/10/17 12:28 PM Homework: Week 3 Homework 35 pts Save Score: 0 of 1 pt 17 of 35 (14 complete) HW Score: 39.05%, 13.67 of 35 pts Checkpoint 2 Test A 1 Question Help i5 a single-price monopoly Marginal Total Tota evenue columns 1 and 2) and total cost schedul he table shows the demand schedule for columns 2 and 3 Price (thousands Qantitycost revenue (thousands of of dollars (rides (thousands of dollars dollars per per month) Calculate HotAir's total revenue and marginal revenue schedules and fill in the two right columns of the table per nde) per month) 250 40 230 130 210 280 190 470 170 700 150 970 Enter your answer in the edit fields and then click Check Answer Clear All Check Answer Type here to search :28 PM 11/10/2017

Explanation / Answer

TR = P x Q

TR (n units) - TR ((n-1) units) = MR (nth unit)

P ($ thousands) Q TC ($ thousands) TR ($ thousands) MR ($ thousands) 250 0 40 0 230 1 130 230 230 210 2 280 420 190 190 3 470 570 150 170 4 700 680 110 150 5 970 750 70

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