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When the Monopoly Firm Sells Two Units of Its Product,it

Question 183

Multiple Choice

When the monopoly firm sells two units of its product,it earns total revenue of $260 and it incurs a total cost of $210.If its marginal revenue for the second unit was $110,what was the marginal revenue of the first unit?


A) $100
B) $150
C) $133
D) $220
E) There is not enough information to answer the question.

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