The marginal revenue of the 700th unit is $ and demand is at this point 20 elastic 20 inelastic 15 elastic 15 inelastic ...

20 inelastic The explanation is ...

The marginal revenue of the 700th unit is $_ and demand is ______ at this point. 20;

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The marginal revenue of the 700th unit is $_____ and demand is __________ at this point.

–20; elastic
–20; inelastic
15; elastic
15; inelastic

Related Book For answer-question

Contemporary Labor Economics

ISBN: 978-1259290602

11th Edition

Authors: Campbell R. McConnell ,Stanley L. Brue,David Macpherson

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Posted Date: Sep 06, 2020 12:37 AM

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The marginal revenue of the 700th unit is $_____ and demand is __________ at this point. 20;

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20 inelastic The explanation is ... View the full answer

Contemporary Labor Economics

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The marginal revenue of the 700th unit is $_ and demand is ______ at this point. 20;