Suppose a monopolistically competitive firm sells a particular brand of jeans. The quantities of jeans sold per day at various prices are shown in the table below. Fill in total revenue and marginal revenue in the table below. (Enter your responses as integers.) Output Price $110.00 Total Revenue Marginal Revenue 1 105.00 2 100.00 3 95.00 4 90.00 5 85.00 The marginal revenue curve for this firm is its demand curve.

Suppose a monopolistically competitive firm sells a particular brand of jeans. The quantities of jeans sold per day at various prices are shown in the table below. Fill in total revenue and marginal revenue in the table below. (Enter your responses as integers.) Output Price $110.00 Total Revenue Marginal Revenue 1 105.00 2 100.00 3 95.00 4 90.00 5 85.00 The marginal revenue curve for this firm is its demand curve.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter14: Monopolistic Competition And Product Differentiation

Section: Chapter Questions

Problem 5P

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Suppose a monopolistically competitive firm sells a particular brand of jeans. The quantities of jeans sold per day at various prices are shown in the table below. Fill in total revenue and marginal revenue in the table below. (Enter your responses as integers.) Output Price Total Revenue Marginal Revenue $110.00 1 105.00 100.00 3 95.00 4. 90.00 85.00
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