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simmiie259 simmiie259
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2 years ago
Consider a perfectly competitive firm producing and selling mousetraps at a market price of $5.00. If this firm is producing 1250 mousetraps, its total revenue is ________, its average revenue is ________ and its marginal revenue is ________.

▸ $6250; $250; $5

▸ $5; $5; $5

▸ $6250; $5; $5

▸ $1750; $250; $5

▸ $5000; $5; $250
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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Hlh13Hlh13
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2 years ago
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simmiie259 Author
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2 years ago
This helped my grade so much Perfect
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Just got PERFECT on my quiz
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2 hours ago
Good timing, thanks!
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