Imagine DeBeers is currently selling 200 diamonds at a price of $1,000. To sell 10 more diamonds, DeBeers has to lower the price (of all diamonds) by $50. What is the marginal revenue from selling those additional diamonds?

Imagine DeBeers is currently selling 200 diamonds at a price of $1,000. To sell 10 more diamonds, DeBeers has to lower the price (of all diamonds) by $50. What is the marginal revenue from selling those additional diamonds?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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