Breakfast cereal is produced by "Healthy Morning," and let's assume that it has a crowded market. The company generated a total of $10,000 in revenue, with the final unit made and sold generating a marginal profit of $10. How many units were sold, and what was the average revenue per unit? $10 and 500 units $5 and 1000 units $10 and 1000 units ĆE
Breakfast cereal is produced by "Healthy Morning," and let's assume that it has a crowded market. The company generated a total of $10,000 in revenue, with the final unit made and sold generating a marginal profit of $10. How many units were sold, and what was the average revenue per unit? $10 and 500 units $5 and 1000 units $10 and 1000 units ĆE
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Breakfast cereal is produced by "Healthy Morning," and let's assume that it has a crowded market. The
company generated a total of $10,000 in revenue, with the final unit made and sold generating a
marginal profit of $10. How many units were sold, and what was the average revenue per unit?
$10 and 500 units
$5 and 1000 units
$10 and 1000 units
$5 and 500 units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F47e053f1-57ca-4b6e-ab7f-5656beb9b221%2F555b407b-ead4-4a9c-abd6-b078f63723e6%2Ftjul0x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Breakfast cereal is produced by "Healthy Morning," and let's assume that it has a crowded market. The
company generated a total of $10,000 in revenue, with the final unit made and sold generating a
marginal profit of $10. How many units were sold, and what was the average revenue per unit?
$10 and 500 units
$5 and 1000 units
$10 and 1000 units
$5 and 500 units
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