Suppose a firm lowers its price to 10 causing the quantity s

Suppose a firm lowers its price to $10, causing the quantity sold to rise from 4 to 5 units. If the marginal revenue of the fifth unit is $2, the firm must have lowered its price by:

	$10.
	$2.
	$8.
	$4.

Suppose a firm lowers its price to $10, causing the quantity sold to rise from 4 to 5 units. If the marginal revenue of the fifth unit is $2, the firm must have lowered its price by:

	$10.
	$2.
	$8.
	$4.

$2.

Suppose a firm lowers its price to $10, causing the quantity sold to rise from 4 to 5 units. If the marginal revenue of the fifth unit is $2, the firm must hav

Suppose a firm lowers its price to 10 causing the quantity s

Solution

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