Use the demand curve below to answer questions 7 through 10. Price 0.9 0.8- 0.7- 0.6 0.5 0.4 0.3 0.2- 0.1- 0 0 1000 2000 3000 4000 5000 6000 7000 8000 Quantity What's the marginal value at a quantity of 4,000? Answer here

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter3: Demand Analysis
Section: Chapter Questions
Problem 1.7CE
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Use the demand curve below to answer questions 7 through 10.
Price
1
0.9
0.8
0.7
0.6-
0.5-
04-
0.3-
0.2
0.1
0-
0 1000 2000 3000 4000 5000 6000 7000 8000
Quantity
What's the marginal value at a quantity of 4,000?
Answer here
Transcribed Image Text:Use the demand curve below to answer questions 7 through 10. Price 1 0.9 0.8 0.7 0.6- 0.5- 04- 0.3- 0.2 0.1 0- 0 1000 2000 3000 4000 5000 6000 7000 8000 Quantity What's the marginal value at a quantity of 4,000? Answer here
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