Table 14-4
The following table presents cost and revenue information for John's Vineyard.

-Refer to Table 14-4.What is the marginal revenue from selling the 5th unit?

Name: Table 14-4 The following table presents cost and revenue information for John's Vineyard. -Refer to Table 14-4.What is the marginal revenue from selling the 5th unit?
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Question

Table 14-4
The following table presents cost and revenue information for John's Vineyard.
 
-Refer to Table 14-4.What is the marginal revenue from selling the 5th unit?

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue from selling one more unit. In this case, the marginal revenue from selling the 5th unit is $80.

Table 14-4 The Following Table Presents Cost and Revenue Information for John's