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Given the data provided in the table below, what will the marginal revenue equal for production at quantity (Q) level 4? Q P TC TR
Given the data provided in the table below, what will the marginal revenue equal for production at quantity (Q) level 4?
Q | P | TC | TR | MR | MC | Profit |
0 | $5 | $9 | ||||
1 | $5 | $10 | ||||
2 | $5 | $12 | ||||
3 | $5 | $15 | ||||
4 | $5 | $19 | ||||
5 | $5 | $24 | ||||
6 | $5 | $30 | ||||
7 | $5 | $45 |
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International Macroeconomics
Authors: Robert C. Feenstra, Alan M. Taylor
Fourth Edition
1319061729, 978-1319061722
