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Suppose the price-demand equation is 12x+p=70 What is the total revenue of producing 8 phones? What is the marginal revenue of producing the 8th phone?
Suppose the price-demand equation is 12x+p=70
What is the total revenue of producing 8 phones?
What is the marginal revenue of producing the 8th phone?
What is the average revenue of producing 7 phones?
What is the marginal average revenue of producing the 9th phone?
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