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Compute the marginal revenue

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Reference no: EM131837643

Suppose a monopolist faces the demand curve shown below.

2323_monopolist faces the demand curve.png

a. If the monopolist were to sell 20 units of output, compute the total revenue.

b. Compute the marginal revenue of the 35th unit of output.

c. Draw the firm's marginal revenue curve. Attach an editable excel file

d. State the monopolist's profit maximization strategy.

e. If the monopolist's marginal cost is constant and equal to $30, compute the profit-maximizing level of output.

f.  Compute the deadweight loss at the profit maximizing level of output.

Reference no: EM131837643

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