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JohnCena494 JohnCena494
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A year ago

The diagram below shows total revenue for a single-price monopolist.

Short description: A graph plots quantity against total revenue in dollars. Long description: The horizontal axis represents quantity. The vertical axis represents total revenue in dollars. The graph plots a curve. The curve resembles a downward parabola representing TR. It begins at the origin and ends at Q subscript 4 on the horizontal axis. Vertical dashed lines are extended from the curve to meet the horizontal axis at Q subscript 1, Q subscript 2, and Q subscript 3.

FIGURE 10-3

Refer to Figure 10-3. The firm's marginal revenue at Q1 is



▸ positive but falling.

▸ positive and rising.

▸ zero.

▸ negative and falling.

▸ not determinable from the diagram.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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frithnefrithne
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JohnCena494 Author
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A year ago
Correct Slight Smile TY
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You make an excellent tutor!
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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