Question
When a monopolist sells sweatshirts at a price of $30, consumers demand 9 sweatshirts. In order to sell an 10th sweatshirt, the firm must lower
When a monopolist sells sweatshirts at a price of $30, consumers demand 9 sweatshirts. In order to sell an 10th sweatshirt, the firm must lower its price to $25. What is this firm's marginal revenue from selling the 10th sweatshirt? Do not include units in your answer.
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
