Micro Economics Question

Posted on 2014-03-13 11:56:00 in Economics by SWEDISHKISS21

Hi, I can't figure out the answer to this Econ homework.



At a price of $20 per CD, a firm sells 70 CDS. If the slope of the demand curve is -$0.10, marginal revenue for the 71st CD is $__.__. The firm should cut the price to sell one more CD if the marginal cost is less than $__.

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