Multiple Choice
A firm's total revenue function is given by R = 100 + 100Q - 2Q2. At Q = 10, which of the following is true?
A) The firm's marginal revenue is $80.
B) The firm's marginal revenue is constant.
C) The firm's average revenue is $50.
D) The firm's total revenue is $500.
E) The firm's marginal revenue is $60.
Correct Answer:
Verified
Correct Answer:
Verified
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