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Table 14-4The following table presents cost and revenue info…

Posted byAnonymous December 2, 2024December 2, 2024

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Tаble 14-4The fоllоwing tаble presents cоst аnd revenue information for a firm operating in a competitive industry. ​ Costs Revenues Quantity Supplied (Units) Total Cost (Dollars) Marginal Cost (Dollars) Quantity Demanded (Units) Price (Dollars per unit) Total Revenue (Dollars) Marginal Revenue (Dollars) 0 100 -- 0 120   -- 1 150   1 120     2 202   2 120     3 257   3 120     4 317   4 120     5 385   5 120     6 465   6 120     7 562   7 120     8 682   8 120     ​ ​ ​   Refer to Table 14-4. What is the total revenue from selling 4 units?

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