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sgy_89 sgy_89
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6 years ago
Assume that a price searcher was selling 10 units of output at a price of $5 a unit. If price must be lowered to $4.75 to sell 11 units, the marginal revenue associated with the 11th unit would be
A) $4.00.
B) $4.75.
C) $2.75.
D) $2.25.
E) $0.25.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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