-Christy's Haircuts, the sole supplier of haircuts in a small town, faces the demand schedule shown in the table above. What is Christy's marginal revenue from the 25th haircut?
A) zero
B) $5.00
C) $17.50
D) $50.00

Question

-Christy's Haircuts, the sole supplier of haircuts in a small town, faces the demand schedule shown in the table above. What is Christy's marginal revenue from the 25th haircut?
A) zero 
B) $5.00 
C) $17.50 
D) $50.00

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue from selling one more unit. If the price for the 25th haircut is $5.00, then the marginal revenue from the 25th haircut is also $5.00.

-Christy's Haircuts, the Sole Supplier of Haircuts in a Small