kjredd7506 kjredd7506

01-08-2020
Mathematics

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Suppose a firm in a competitive market earned $1,000 in total revenue and had a marginal revenue of $10 for the last unit produced and sold. What is the average revenue per unit, and how many units were sold?

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maazahmed6078 maazahmed6078

01-08-2020

Answer:

$5 and 50 units

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