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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 11: Price and Output in Monopoly, Monopolistic Competition, and Perfect Competition
  5. Question
    -According to the Information Provided in Exhibit K-11, the Marginal
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-According to the Information Provided in Exhibit K-11, the Marginal

Question 61

Question 61

Multiple Choice

  -According to the information provided in Exhibit K-11, the marginal revenue of the 12th unit of output equals A)  $480 B)  $40 C)  $440 D)  $4 E)  an unknown amount because we have not been given the marginal cost
-According to the information provided in Exhibit K-11, the marginal revenue of the 12th unit of output equals


A) $480
B) $40
C) $440
D) $4
E) an unknown amount because we have not been given the marginal cost

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