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Given the data provided in the table below, what will the marginal revenue equal for production at quantity (Q) level 2? Q P TC TR
Given the data provided in the table below, what will the marginal revenue equal for production at quantity (Q) level 2?
Q | P | TC | TR | MR | MC | Profit |
0 | $10 | $9 | ||||
1 | $10 | $14 | ||||
2 | $10 | $19 | ||||
3 | $10 | $22 | ||||
4 | $10 | $29 | ||||
5 | $10 | $34 | ||||
6 | $10 | $38 | ||||
7 | $10 | $43 |
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