If Annie has sold forty apples in a perfectly competitive market and her total revenue is $80, when she sells her forty-first apple, her marginal revenue will be

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Quizplus · Accepted Answer

In a perfectly competitive market, the marginal revenue is equal to the price of the product. Since Annie's total revenue for forty apples is $80, the price per apple is $80/40 = $2. Therefore, the marginal revenue for the forty-first apple is also $2.

If Annie Has Sold Forty Apples in a Perfectly Competitive