Question
The graph below shows the market demand curve for a good. Use the graph to find total revenue and marginal revenue at the given output
The graph below shows the market demand curve for a good. Use the graph to find total revenue and marginal revenue at the given output levels. If the price is $8, then what is the total revenue is $ _____ thousands.
10 9. 8 7 6 Price 5 4 3 2 1 2 3 4 5 6 7 8 9 10 Quantity (in thousands)
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Microeconomics and Behavior
Authors: Robert Frank
9th edition
9780077723750, 78021693, 77723759, 978-0078021695
