(Table: Prices and Demand) Look at the table Prices and Demand. The New Orleans Saints have a monopoly on Saints hats, and we know that the Saints must charge the same price for every hat sold. The marginal revenue of the fourth unit is: A) $24. OB) $16. C) $22. D) -$2.

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(dollars) 10 8 6 0 MR MC Quantity 1. A monopoly and is currently charging a price of $10, what would you advise them to do? 2. A monopoly and is currently charging a price of $8, what would you advise them to do? 3. If the monopoly is currently charging a price of $6, what would you advise them to do?

Unsure how to solve correctly

|Price Demanded Revenue Revenue Marginal Cost Cost $24 1000 $24,000 ** $15,000 ** ** ** $22 1250 $27,500 $14 $17,000 $8 $20 1500 $10 $19,500 $10 $18 1750 $31,500 Y $23,000 $14 $16 2000 $32,000 $2 $27,000 Z (a) Calculate total revenue at X. (b) Calculate marginal revenue at Y. (c) Calculate marginal cost at Z. (d) Find the profit maximizing price. (e) Find the profit maximizing quantity. (f) Find the profit the firm will earn.

16 The marginal revenue for a price searcher is: more than total revenue. less than the level of output. less than marginal cost. less than the price.

7: One subject of study for macroeconomics is Unemployment Perfect competition b. Monopoly d. The shape of an individual's demand curve 3 If a market hokot $10. 000 to nurchase the

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Please do not answer question in image but draw supply and demand graph.  Please include all relevant details like the axes labels. equilibrium price:market equilibrium quantity:Calculate CS under competition:Calculate PS under competition:Calculate TS under competition: