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Ashlyn Clark
on Dec 19, 2024

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If the XYZ Company can sell 4 units per week at $10 per unit and 5 units per week at $9 per unit, the marginal revenue of the fifth unit is $5.

Marginal Revenue

The extra revenue generated by the sale of an additional unit of a product or service.

  • Gain insights into the fundamentals of marginal revenue and its significance in determining the pricing and output choices of monopolists.
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Parker KillingsworthDec 24, 2024
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