The demand function of a monopoly rm is given as q = 20 – 2P, substitute the values of P from 10 to 1.
(a) Calculate the demand schedule of the commodity.
(b) From the table calculate the TR, AR and MR values in a tabular form.
(c) Draw the AR and MR curve in same set of axis.
(d) When the price elasticity is more than one?
