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April 20, 2014

Homework Help: economics

Posted by ammu on Thursday, July 28, 2011 at 6:25pm.

Assuming the inverse demand function for good Z can be written as P = 90 - 3Q, when Q is equal to 5, average revenue and marginal revenue are equal to ________ and ________.
Choose one answer.

a. $75; $75.

b. $75; $60.

c. $60; $60.

d. $85; $85.

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