Posted by **Lorie** on Sunday, December 6, 2009 at 12:08am.

Just needing to know if I have done the work correctly with this problem:

For the total revenue and marginal revenue the answers are:

Price $20 Quantity 0 TR 0 MR 0

Price $18 Quantity 1 TR 18 MR 18

Price $16 Quantity 2 TR 32 MR 14

Price $14 Quantity 3 TR 42 MR 10

Price $12 Quantity 4 TR 48 MR 6

Price $10 Quantity 5 TR 50 MR 2

Price $8 Quantity 6 TR 48 MR -2

Price $6 Quantity 7 TR 42 MR -6

Price $4 Quantity 8 TR 32 MR -10

Price $2 Quantity 9 TR 18 MR -14

I am also needing to graph the demand, MR and the MC curves on a graph. I know that the MR=Marginal Revenue and MC=Marginal cost. The only thing that I need to know is what numbers do I use to graph the demand.

Any assistance would be much appreciated.

- Microeconomics: -
**economyst**, Monday, December 7, 2009 at 1:15pm
Demand would simply be the relationship between price and quanty. E,.g, at P=18, Q=1. At P=2, Q=9.

## Answer This Question

## Related Questions

- college/microeconomics - Just needing to know if I have done the work correctly ...
- Econ - If a pure monopolist can price discriminate by separating buyers into two...
- Microeconomics - Am I calculating the Marginal Revenue when you get the quantity...
- Economics - 50. In both monopolistic competition and non-price-discriminating ...
- microeconomics - Just when you really, really want an ice cream cone, the price ...
- ECONOMICS - The following relations describe the supply and demand for posters. ...
- Economics - Willy's widgets, a monopoly, faces the following demand schedule (...
- microeconomics - consider total cost and total revenue given in the table bellow...
- HELP i dont get it - The producer of X is contemplating a price change and has ...
- econ - P=15-Q/1000. Suppose there are two firms in this market. Compute ...

More Related Questions