Question: Table 15-3 The table represents a demand curve faced by a firm in a competitive market. Quantity Demanded (Units) Total Revenue (Dollars) 12 132 13

Table 15-3 The table represents a demand curve faced by a firm in a competitive market. Quantity Demanded (Units) Total Revenue (Dollars) 12 132 13 143 14 154 15 165 16 176 Refer to Table 15-3. For this firm, the marginal revenue of the 13th unit is a. $9. b. $10. c. The marginal revenue cannot be determined without knowing the total revenue when 11 units are sold

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