Refer to the table below, which presents a cost schedule for a perfectly competitive firm. Quantity 10 11 12 13 14 15 16 Total cost ($) 13 25 36 46 55 63 70 If the price that the firm charges for its output is $9, calculate the marginal revenue associated with selling an additional unit of output. Express your answer without units (e.g., if your answer is "$7", type "7" in the answer box).

Refer to the table below, which presents a cost schedule for a perfectly competitive firm. Quantity 10 11 12 13 14 15 16 Total cost ($) 13 25 36 46 55 63 70 If the price that the firm charges for its output is $9, calculate the marginal revenue associated with selling an additional unit of output. Express your answer without units (e.g., if your answer is "$7", type "7" in the answer box).

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Perefect Competition

Section: Chapter Questions

Problem 9SQP

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