A firm facing a downward-sloping demand curve sells 50 units of output at $10 each.The firm's marginal revenue is
A)$500
B)more than $10 but less than $500
C)$10
D)less than $10
E)zero

Name: A firm facing a downward-sloping demand curve sells 50 units of output at $10 each.The firm's marginal revenue is A)$500 B)more than $10 but less than $500 C)$10 D)less than $10 E)zero
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Question

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For a firm facing a downward-sloping demand curve, marginal revenue is less than the price of the good, which is $10 in this case.

A Firm Facing a Downward-Sloping Demand Curve Sells 50 Units