Answer to Question #85890 in Microeconomics for Ayanda Lubisi

Question

Marginal revenue, shown graphically, is the …
1. slope of a line from the origin to a point on the total revenue curve.
2. slope of a line from the origin to the end of the total revenue curve.
3. slope of the total revenue curve at a given point.
4. vertical intercept of a line tangent to the total revenue curve at a given point.

Answer 1

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