Question: Suppose the demand curve is downward sloping, as shown in the following table. Calculate marginal revenue at each output level. OUTPUT P AR MR MC

Suppose the demand curve is downward sloping, as shown in the following table. Calculate marginal revenue at each output level.

Suppose the demand curve is downward sloping, as shown in

OUTPUT P AR MR MC AVC ATC 1 $140.00 2 130.00 3 120.00 4 110.00 S 100.00 90.00 7 80.00 70.00 60.00 50.00 $31.00 $31.00 $54.00 28.00 29.50 41.00 31.00 30.00 37.67 34.00 31.00 36.75 37.00 32.20 36.80 40.00 33.50 37.33 43.00 34.86 38.14 46.00 36.25 39.13 49.00 3767 40.22 52.00 39.10 41.40 10

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