Question 53
MediumOriginal questionThe price at which units can be sold is rupees each. What is the marginal revenue when 5 units are sold?
Show the answer and explanation
CorrectNot quiteAnswer B
Correct answer: B
Explanation
, so .
At : rupees.
Worth noting
₹60 is the price at ; selling one more unit also lowers the price of the other five.
- Concept
- Marginal revenue from a demand function
- Typical timeTypical
- 90 s
- Your timeYours
- —
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