Loose-leaf Version for Microeconomics in Modules
5th Edition
ISBN: 9781319388317
Author: KRUGMAN, Paul, Wells, Robin
Publisher: Worth Publishers
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Chapter 13, Problem 4P
To determine
The Total Revenue and Marginal Revenue and
Concept Introduction:
Marginal revenue is the addition in total revenue when one more unit of an output is produced and sold. It is given by
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