Question 1
Homework * Unanswered * Due Today, 11:59 PM
If a firm's Total Revenue function is linear with a slope equal to 5 , this means that:
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a marginal revenue is equal to $5 and price is less than $5.
b price is equal to $5 and marginal revenue is less than $5.
marginal revenue and price are both equal to 55 .
the firm must lower the price in order to sell additional unics.