Homework answers / question archive / Price (dollars per haircut) Quantity (haircuts per hour) Total costs (dollars per hour) Total revenue (dollars per hour) Marginal revenue (dollars per haircut) 15 0 1   - 14 1 5     13 2 11     12 3 19     Sally's Salon is a single price monopoly

Price (dollars per haircut) Quantity (haircuts per hour) Total costs (dollars per hour) Total revenue (dollars per hour) Marginal revenue (dollars per haircut) 15 0 1   - 14 1 5     13 2 11     12 3 19     Sally's Salon is a single price monopoly

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Sally's Salon is a single price monopoly. The table shows the demand schedule for Sally's haircuts (column 1 and 2) and the firm's total cost schedule (columns 2 and 3). Calculate Sally's total revenue and marginal revenue schedules.