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Marginal Revenue

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Consider the following demand schedule. Does it apply to a perfectly competitive firm? Compute marginal and average revenue.

Price Quantity Price Quantity
$100 1 $70 5
$95 2 $55 6
$88 3 $40 7
$80 4 $22 8
b. Suppose the marginal cost of producing the good in table is a constant $10 per unit of output. What quantity of output will the firm produce?

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Please see the attachment.

a) The table is attached with MR and AR calculated. It does not apply to perfect ...

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