Where is the kink in the demand curve

Reference no: EM131126690

1. The kinked-demand schedule that an oligopolist believes confronts the firm is given in the table below. Compute the oligopolist s total revenue at each of the nine prices, and enter these figures in the table. Also compute marginal revenue for each unit between the nine prices and enter these figures in the table. From the table,

(a) where is the kink in the demand curve?

(b) what is the current selling price at that kink and how much output will be demanded?

Price	Quantity demanded	Total Revenue	Marginal Revenue per Unit
$5.80	50	$____
5.60	100	____	$____
5.40	150	____	____
5.20	200	____	____
5.00	250	____	____
4.80	264	____	____
4.60	279	____	____
4.40	288	____	____
4.20	300	____	____

Reference no: EM131126690

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