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
|
|
0
|
?$80.00
|
|
|
|
1
|
65.00
|
|
?
|
|
2
|
50.00
|
|
|
|
3
|
35.00
|
|
|
|
4
|
20.00
|
|
|
|
5
|
5.00
|
|
|