find marginal revenue
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How do you figure marginal revenue for units of different production levels? What is the formula?
ex.
1 unit = $1
2 units = $2
3 units = $4
total fixed cost is $1
How do you set up to find marginal revenue for each unit set?
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Solution Summary
This posting finds marginal revenue. The total fixed costs are determined.
Solution Preview
First, the fixed cost does not play any role in determining the marginal revenues, because they do not ...
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