Suppose a firm in a competitive market received $1,000 in total revenue and had a marginal revenue of $10 for the last unit produced and sold.What is the average revenue per unit,and how many units were sold?
A) $5 and 50 units
B) $5 and 100 units
C) $10 and 50 units
D) $10 and 100 units
Correct Answer:
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