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uantity (Q) Price (P) Total Revenue (TR) Marginal Revenue (MR) 13 $40 ? --- 14 $30 ? (A) 15 $20 ? (B) 16 $10 ?
uantity (Q) Price (P) Total Revenue (TR) Marginal Revenue (MR) 13 $40 ? --- 14 $30 ? (A) 15 $20 ? (B) 16 $10 ? (C) Use the table above to answer the following question. Assume the table above describes a monopolist selling patented fancy water bottles. The TR when producing 14 bottles is and the MR of the 14th bottle is The MR of the 15th bottle is The MR of the 16th bottle is
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
