**Educational Website Content: Analyzing Demand and Revenue** **Table Analysis** The demand schedule for a product produced by a monopolist is presented below. Students are tasked with completing the table by computing total revenue and marginal revenue. Here's a transcription of the table: | Quantity Demanded | Price | Total Revenue | Marginal Revenue | |-------------------|-------|---------------|------------------| | 0 | $25 | | | | 1 | $24 | | | | 2 | $23 | | | | 3 | $22 | | | | 4 | $21 | | | | 5 | $20 | | | | 6 | $19 | | | | 7 | $18 | | | | 8 | $17 | | | | 9 | $16 | | | | 10 | $15 | | | | 11 | $14 | | | | 12 | $13 | | | | 13 | $12 | | | | 14 | $11 | | | **Questions for Analysis** 1. **(a) Relationship between Total and Marginal Revenue:** - What do the data in the table indicate about the relationship between total revenue and marginal revenue? Explain. 2. **(b) Elasticity of Demand:** - What do the data in the table indicate about the elasticity of demand? **Instructions for Students:** - Calculate the total revenue by multiplying the quantity demanded by the price. - Calculate the marginal revenue by finding the change in total revenue as quantity demanded increases by one unit. - Analyze how changes in quantity and price affect both total and marginal revenue to determine the elasticity of demand and the implications for pricing strategy in a monopolistic market. This exercise encourages students to explore the fundamentals of economics, particularly the concepts of elasticity, demand, and revenue in monopoly contexts.

5. The graph attached represents a monopoly firm. Answer the questions below.  a. Briefly explain three ways in which pricing can be set with a regulated monopoly and the intended objective of each pricing method.b. Based on the diagram, if this monopoly firm is unregulated, what will be its profit? Show your calculations.c. Based on the diagram, if this firm is regulated based on social interest theory, what will be its profit? Show and explain your calculations.d. Based on the diagram, if this monopoly is subject to rate of return regulation, what will be the new price, output and profit of the firm? Show your calculations with explanations.e. Based on the diagram, if this is a natural monopoly that is allowed to set its price, what will be the minimum it should set in order to make a profit or break even? Explain your answer.

outline the monopolist profit rectangle. on the graph, label the price the monopolist will charge, the quantity the monopolist will produce, the TR and TC. Calculate the profit. A profit-maximizing monopolist will charge a price of ___, produce a quantity of ___ units per hour, and earn a profit of ____?

29 $55 $50 $45 MC АТС I of $40 $35 $30 $25 $20 Demand = P $15 $10 $5 MR $0 40 80 120 160 200 240 Output (Q) The diagram above shows the Demand, MR, and cost curves for a monopolist in the short-run. The monopolist will maximize its profit by choosing Output (Q) level and charging Price. Select one: а. 120; $20 b. 160; $30 С. 120;B $35 d. 160; $25 $$