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Answer to Question #227345 in Microeconomics for PEEJAY
Question #227345
A firm's marginal revenue (MR)
- A. is equal to ΔTR/ΔQ.
- B. is equal to the total revenue divided by the quantity sold.
- C. is equal to the price of its product multiplied by the quantity sold
- D. is equal to (TR – TC)/Q.
Expert's answer
A. is equal to ΔTR/ΔQ.
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