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Title: When a firm in a competitive market receives $500 in total revenue, it has a marginal revenue of $10. What is the averag

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Q:

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

           a.   $5 and 100

           b.   $10 and 50

           c.    $10 and 100

           d.   The answer cannot be determined from the information given.


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Title: When a firm in a competitive market receives $500 in total revenue, it has a marginal revenue of $10. What is the averag

    • This tutorial was purchased: 1.

    • Posted Date: Apr 27, 2012 at 9:11:35 PM

    • The full tutorial is about words long

 
A:
...sp;        a.   $5 and 100        ...
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