A firm in a competitive market receives $500 in total revenue and has marginal revenue of $10.

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A firm in a competitive market receives $500 in total revenue and has marginal revenue of $10. What is the average revenue, and how many units were sold?

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Principles of Economics

ISBN: 978-1285165875

7th edition

Authors: Gregory Mankiw

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Question Posted: Oct 24, 2016 05:02 AM

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A firm in a competitive market receives $500 in total revenue and has marginal revenue of $10.

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To conclude we can say that the firm op...View the full answer

Principles of Economics

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