Draw and label a straight-line demand curve and a marginal revenue curve on a graph for a hypothetical monopoly.

***What does this look like? Thank you!! :)

Question

Draw and label a straight-line demand curve and a marginal revenue curve on a graph for a hypothetical monopoly. 

***What does this look like? Thank you!! :)

jim_thompson5910 · Answer

I'm not 100% sure, but this may be a good example http://courses.aplia.com/problemsetassets/micro/Lemke_Monopoly_II/computers.gif

jim_thompson5910 · Answer

ignore the MC (marginal cost) and ATC (average total cost) curves

anonymous · Answer

okay:) so just draw the mr and demand curves?

jim_thompson5910 · Answer

yeah or something similar to it

anonymous · Answer

okie thanks!! :D