A monopoly firm can sell 150 units of output for NIS 10 per unit. Alternatively, it can sell 151 units of output for NIS 9.90 per unit. The marginal revenue of the 151st unit of output is a. NIS 5.10. b. -NIS 0.10 c. -NIS 5.10 d. NIS 2.45
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Step 1: To find the marginal revenue of the 151st unit of output, we need to calculate the change in total revenue when the firm sells one additional unit. Show more…
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