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julio kline
on Oct 08, 2024

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Answer the question on the basis of the demand schedule shown below:  Quantity  Price  Demanded $77162534435\begin{array}{l}\begin{array} { c c c } &&\text { Quantity }\\\text { Price } && \text { Demanded } \\\hline\$ 77 & & 1 \\6 & & 2 \\5 & & 3 \\4 & & 4 \\3 & & 5\end{array}\end{array} Price $776543 Quantity  Demanded 12345 Refer to the data.The marginal revenue obtained from selling the third unit of output is:

A) $6.
B) $1.
C) $2.
D) $5.

Marginal Revenue

The additional income obtained from selling one more unit of a product or service.

Demand Schedule

A table that shows the quantity of a good or service that consumers wish to buy at each price level.

Output

The quantity of goods or services produced by a firm, industry, or economy in a given period.

  • Master the interplay between demand levels, marginal revenue, and pricing strategy frameworks within a monopolistic scenario.
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dahmaris ramsonOct 10, 2024
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