If the market price for a chair is $24 and the marginal cost for the chair is $7, the marginal revenue from the chair would be _____.
(1) Answers
Based on the given data above, the answer that would best complete the given statement would be $24. If the market price for a chair is $24 and the marginal cost for the chair is $7, the marginal revenue from the chair would be $24. Hope this answer helps.
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