The table shows Jensen’s output (sandwich) and costs, a perfectly competitive firm. Jensen’s fixed cost is $9 per hour. The current market price is…
The table shows Jensen’s output (sandwich) and costs, a perfectly competitive firm. Jensen’s fixed cost is $9 per hour. The current market price is $6. What is Jensen’s marginal revenue from the 2nd sandwich sold?
$6
$12
$20
$24
$30
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