Price N | Quantity sold |
5 | 15 |
5 | 16 |
5 | 17 |
5 | 18 |
Marginal revenue is
The correct answer is A. N5
To calculate marginal revenue (MR), we need to determine the change in total revenue (TR) resulting from selling one additional unit of output.
Given that the price remains constant at N5, marginal revenue is simply equal to the price N5
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