Business, 07.04.2020 20:58 spearjj

The following table presents cost and revenue information for a firm operating in a competitive industry. COSTS REVENUES Quantity Produced Total Cost Marginal Cost Quantity Demanded Price Total Revenue Marginal Revenue 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. What is the marginal revenue from selling the 3rd unit?

a. $140
b. $137
c. $55
d. $120

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