The Demand Schedule for a Single-Price Monopoly Is Given in the Table

question 239

Essay

The demand schedule for a single-price monopoly is given in the table below. Calculate the marginal revenue.
$$\begin{array} { c c c } \begin{array} { c } \text { Quantity } \\\text { (units) }\end{array} & \begin{array} { c } \text { Price } \\\text { (dollars) }\end{array} & \begin{array} { c } \text { Marginal revenue } \\\text { (dollars) }\end{array} \\\hline 0 & 24 & \\1 & 22 & - \\2 & 20 & - \\3 & 18 & - \\4 & 16 & - \\5 & 14 & - \\6 & 12 & - \\7 & 10 & - \\8 & 8 & - \\\hline\end{array}$$

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