Find the marginal revenue resulting from increase in output, Microeconomics

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Find the marginal revenue resulting from increase in output

Assume that when price is $20, quantity demanded is 9 units, and when price is $19, quantity demanded is 10 units. Based on this information, what is the marginal revenue resulting from an increase in output from 9 units to 10 units?

A) $20
B) $19
C) $10
D) $1

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Microeconomics: Find the marginal revenue resulting from increase in output

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Microeconomics: Find the marginal revenue resulting from increase in output

Reference No:- TGS054678

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Ask an Expert for Answer!!

Microeconomics: Find the marginal revenue resulting from increase in output

Reference No:- TGS054678

Recent Questions Asked Microeconomics

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