Rosalinda Mcilvaine
Sunday, August 14, 2011
Econ Question About Monopoly?
A monopoly firm can sell 150 units of output for $10.00 per unit. Alternatively it can sell 151 units of output for 9.95 per unit. The marginal revenue of the 151st unit of output is? It says the answer is $2.45 why wouldn't it be -$.05 ? Thanks
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