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17 August, 14:46

When a certain monopoly sets its price at $8 it sells 64 units. when the monopoly sets its price at $10 it sells 60 units. the marginal revenue for the firm over this range is?

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  1. 17 August, 15:45
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    For selling the 64 units for $8, a certain company earns $512. That is calculated by multiplying $8 and 64. On the other hand, selling 60 units for $10 will give them a revenue of $600. The marginal revenue of the firm over the range given is $512 to $600.
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