-Given the data in the above table, what is the marginal revenue when the 14th unit is sold?
Definitions:
Promisee
The person to whom a promise is made in a contract, to whom the promisor has an obligation.
Promissory Estoppel
A legal principle that prevents a person from going back on a promise, even if it was not formally made as a contract, if it was reasonable to rely on that promise and doing so caused harm.
Refund
A repayment to someone of money they have previously paid.
Legal Obligation
A duty enforced by law whereby an individual or entity is required to perform or refrain from performing a certain action.
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