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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

If total revenue increases at a constant rate, what does this condition imply about marginal revenue?

To determine

Changes in marginal revenue.

Explanation

The firm that earned revenue from the total sale of goods is the total revenue of the firm. The additional revenue earned by a firm due to the production of an extr...

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