QUESTI1 Using the same cost information as for the firm described in Question 3 of Chapter 5, you are now given information about demand. The table shows the price at

which the corresponding quantity can be sold. (You might like to know that this is a straight-line demand curve that can be expressed as p= 20-0.04g, where p is price and q is quantity sold.)nuo for each level of a) What is the marginal revenue for each level of sales? to profit.maximizing levels b) What are the approximate profit-maximizing levels of sales and price? c) Draw a graph showing total costs, total revenue,and profit at each level of sales.

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