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    Marginal and average revenue along with quantity of output

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    $ Price quantity
    100 1
    95 2
    88 3
    80 4
    70 5
    55 6
    40 7
    22 8
    a. Compute marginal and average revenue.
    b. Suppose the marginal cost of producing the good is a constant $10 per unit of output. What quantity of output will the firm produce?

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    Price Quantity Total Revenue Marginal Revenue Average Revenue Total Cost Net Profit
    $100.00 1 $100.00 ...

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