The market demand curve for a commodity and the total cost for a monopoly firm producing the commodi...........

The market demand curve for a commodity and the total cost for a monopoly firm producing the commodity is given in the schedules below. (5 marks)

Quantity	0	1	2	3	4	5	6	7	8
Total Cost	10	60	90	100	102	105	109	115	125

Use the information given to calculate the following:

(a) The MR and MC schedules

(b) The quantities for which MR and MC are equal

(d) The total revenue, total cost and total profit in the equilibrium

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