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Commerce · Q1475

Economics

Graduate and Post Graduate · Commerce · question 1475

Q1475

Find the marginal revenue of a firm that sells a product at a price of Rs. 10 and the price elasticity of demand for the product is (-) 2.

A.
Rs. 5
Answer
B.
Rs. 10
C.
Rs. 30
D.
Rs. 15

Answer: Option A

Solution

Answer: Option A
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