Answered: # Units Produced Total Revenue Total…

# Units Produced Total Revenue Total Costs 1 100 50 180 110 250 180 4 290 270 310 380 10. What is the marginal revenue of producing the 2nd unit? a) 50. b) 70. c) 90. d) 80. 2. 5.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 1QR

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Question

# Units Produced Total Revenue Total Costs
1
100
50
180
110
250
180
4
290
270
310
380
10. What is the marginal revenue of producing the 2nd unit?
a) 50.
b) 70.
c) 90.
d) 80.
2.
5.

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