Voss Calculator Company has a monopoly on the sale of graphing calculators. If it sells two of these calculators its total revenue is $600, and if it sells three calculators its total revenue is $750. The marginal revenue of the third calculator sold is
A) $50.
B) $75.
C) $150.
D) $250.

Question

Quizplus · Accepted Answer

Marginal revenue is the additional revenue generated from selling one more unit. Here, selling the third calculator increases total revenue from $600 to $750, a difference of $150.

Voss Calculator Company Has a Monopoly on the Sale of Graphing