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Refer to Table 10-1

Question 11

Multiple Choice

Refer to Table 10-1. What portion of the marginal revenue of the 4th unit is due to the output effect and what portion is due to the price effect?


A) output effect = $24.00; price effect = $19.50
B) output effect = $6.50; price effect = $2.00
C) output effect = -$0.50; price effect = $5.00
D) output effect = $6.00; price effect = -$1.50

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