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The Christmas tree lot Olga has a monopoly on the sale of Christmas trees. In order to increase your sales from 1,000 trees to 1,001
The Christmas tree lot "Olga" has a monopoly on the sale of Christmas trees. In order to increase your sales from 1,000 trees to 1,001 trees, the price has to drop from $ 28 to $ 27. What is "Olga's" marginal revenue when she decreases the price and increases her sales from 1,000 to 1,000 trees?
$ 2,800
$ 28
$ 27
- $ 973
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