The following table gives the demand curve facing a monopolist: Use the numbers in the table to answer the questions below: Please enter your answer as number (ie. $20 or 20 not "Twenty Dollars")
Quantity
1
2
3
4
5
6
Price
$10
$9
$8
$7
$6
$5
What is the Total Revenue from selling 3 units?
What is the Marginal Revenue from selling the 3rd unit?