tristancordes34 tristancordes34
  • 22-11-2021
  • Business
contestada

The blue curve on the following graph represents the demand curve facing a firm that can set its own prices.

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topeadeniran2 topeadeniran2
  • 01-12-2021

From the graph analyzed in the question, the price will be $100 per unit while the quantity demanded will be 10 units.

From the complete question, the marginal revenue of the fourth unit that is produced will be:

= (160 × $4) - (170 × $3)

= $640 - $510

= $130

The marginal revenue of the eighth unit will be:

= (120 × 8) - (130 × 7)

= 960 - 910.

= $50

Therefore, the marginal revenue of the eighth unit is $50.

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https://brainly.com/question/25691874

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