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Given the level of demand below, what is the marginal revenue of the fifth unit of production? PriceQuantity 25 1 22 18 2 3 15 12 4

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter12: Monopoly

Section: Chapter Questions

Problem 3TY

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Question

Given the level of demand below, what is the marginal revenue of the fifth unit
of production?
PriceQuantity
25
1
22
18
2
3
15
12
4

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