Question
Quantity Price 0 $700 1 650 2 585 3 415 4 325 5 290 6 185 Please reference the exhibit above for a monopolist to
Quantity
Price
0
$700
1
650
2
585
3
415
4
325
5
290
6
185
Quantity | Price |
0 | $700 |
1 | 650 |
2 | 585 |
3 | 415 |
4 | 325 |
5 | 290 |
6 | 185 |
Please reference the exhibit above for a monopolist to answer the following questions.
a. What is the marginal revenue of the fourth unit?
b. What is the average revenue of the fourth unit?
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New Products Management
Authors: C Merle Crawford
12th Edition
1260512010, 9781260512014
