A monopolist can sell 20 toys per day for $8.00 each. To sell 21 toys per day, the price must be cut to $7.00. The marginal revenue of the 21st toy is:
A. -$10
B. -$13
C. +$7
D. +$21
B. -$13
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What will be an ideal response?
The most common of all nonprice rationing systems is
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Refer to the information provided in Table 8.5 below to answer the question(s) that follow. Table 8.5Number of SwordsTVCMCAVCTFCTCAFCATC0???? 50??1?25?????2??????47.503??23.33????4????150??5135??????Refer to Table 8.5. If Phoebe produces four swords, her average fixed costs are
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