A firm in a competitive market receives $1,160 in total revenue and has marginal revenue of $20.
The firm's average revenue is
$
, and
units were sold.

Respuesta :

Assuming the total revenue and has marginal revenue of $20. The firm's average revenue is $20 and units sold is 58 .

Average revenue and units sold

Average revenue = Marginal revenue

Hence ,Average revenue is the marginal revenue amount of $20.

Units sold:

Units sold=Total revenue/Average revenue

Units sold=$1,160/$20

Units sold=58 units

Therefore the firm's average revenue is $20 and units sold is 58 .

Learn more about Average revenue and units sold here:https://brainly.com/question/12683087

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