Business, 20.04.2020 20:19 tastyspeaks
Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to increase sales to 21 driveways, the contractor must lower the price of driveways to $9,500. The marginal revenue of the 21st driveway is:.
a. $500.
b. $199,500.
c. -$500.
d. $9,500.
Answers: 1
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Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to i...
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