Calculate marginal revenue from a vector of prices going from $10 to $40 in $1 increments (use the same defaults for the other variables) and answer the following:
price | MR |
$10 | -$29.82 |
$11 | -$27.82 |
$12 | -$25.82 |
$13 | -$23.82 |
$14 | -$21.82 |
$15 | -$19.82 |
$16 | -$17.82 |
$17 | -$15.82 |
$18 | -$13.82 |
$19 | -$11.82 |
$20 | -$9.82 |
$21 | -$7.82 |
$22 | -$5.82 |
$23 | -$3.82 |
$24 | -$1.82 |
$25 | $0.18 |
$26 | $2.18 |
$27 | $4.18 |
$28 | $6.18 |
$29 | $8.18 |
$30 | $10.18 |
$31 | $12.18 |
$32 | $14.18 |
$33 | $16.18 |
$34 | $18.18 |
$35 | $20.18 |
$36 | $22.18 |
$37 | $24.18 |
$38 | $26.18 |
$39 | $28.18 |
$40 | $30.18 |