A firm in a competitive market receives $500 in total revenue and has marginal revenue of $10. What is the average revenue, and how many units were sold?

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Q: A firm in a competitive market receives $500 in total revenue and has marginal revenue of $10. What…

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Q: If change in total revenue is $120 And change in output is 6 units Calculate marginal revenue

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Q: Calculate the value of marginal profit when marginal revenue Is $400 and the marginal cost is $230

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