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Suppose that Louise is the only person licensed to rent out paddle boats on the lake near her home during the summer. When she increases
Suppose that Louise is the only person licensed to rent out paddle boats on the lake near her home during the summer. When she increases her rentals from 10 paddleboats to 11 paddleboats, the market rental price declines from $30 per rental to $29 per rental. The marginal revenue of the 11th rental is: Group of answer choices $1. $9. $19. $29
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