For a firm with market power, what is the marginal revenue gained when one more unit of output is sold? Question 19Answer a. The price at which the extra unit is sold plus the rise in revenue from selling other units at a higher price b. The price of the unit of output sold minus the production cost of that unit c. The price of the unit of output sold d. The price at which the extra unit is sold less the drop in revenue from selling other units at a lower price

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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For a firm with market power, what is the marginal revenue gained when one more unit of output is sold?

Question 19Answer

a.
The price at which the extra unit is sold plus the rise in revenue from selling other units at a higher price
b.
The price of the unit of output sold minus the production cost of that unit
c.
The price of the unit of output sold
d.
The price at which the extra unit is sold less the drop in revenue from selling other units at a lower price
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