Use the Table below basis of the following sales information for a firm producing Good X.

-The marginal revenue from the first unit of Good X sold is:
A) $36.00.
B) $38.00.
C) $40.00.
D) none of the above.

Question

Use the Table below basis of the following sales information for a firm producing Good X.
 
-The marginal revenue from the first unit of Good X sold is:
A) $36.00. 
B) $38.00. 
C) $40.00. 
D) none of the above.

Quizplus · Accepted Answer

The marginal revenue from the first unit of Good X sold is $36.00. This is because the marginal revenue is the change in total revenue divided by the change in quantity sold. In this case, the total revenue from selling the first unit of Good X is $36.00, and the change in quantity sold is 1 unit. Therefore, the marginal revenue from the first unit of Good X sold is $36.00.

Use the Table Below Basis of the Following Sales Information