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Unformatted text preview: D. Remains constant as long as price remains above marginal cost. 3. The following table reports the marginal revenue that Carla receives from editing term papers. Quantity Marginal Revenue 1 40 2 36 3 32 4 28 5 24 6 20 7 16 8 12 Suppose Carla’s opportunity cost for editing a paper is $29 and that she charges the same price to all customers. How many papers will she edit? A. One B. Two C. Three ** D. Eight...
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This note was uploaded on 03/02/2009 for the course ECON 101 taught by Professor Balaban during the Spring '07 term at UNC.
- Spring '07