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Calculate the monopolists marginal revenue

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Reference no: EM132038272

A monopolist can sell 15,000 units at a price of $10 per unit. Lowering price by $1 raises the quantity demanded by 2,000 units. What is the change in total revenue resulting from this price change? In other words, please calculate the monopolists' marginal revenue if the price of a product falls from $10 to $9.

Reference no: EM132038272

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