Chapter 9

C) marginal revenue equals its average variable cost. D) marginal revenue equals its average fixed cost. 11) In the above table, the price of the product is . A) $30. B) $147. C) $150. D) $180. 12) In the above figure, by increasing its output from Q 1 to Q 2, the firm . A) reduces its marginal revenue. B) increases its marginal revenue. ................
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