-Given the data in the above table, what is the marginal revenue when the 12th unit is sold?
A) $7.00
B) $5.00
C) $3.00
D) $1.00

Question

-Given the data in the above table, what is the marginal revenue when the 12th unit is sold?
A) $7.00 
B) $5.00 
C) $3.00 
D) $1.00

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue divided by the change in quantity sold. In this case, the change in total revenue is $7 (from $84 to $91) and the change in quantity sold is 1 (from 11 to 12). Therefore, the marginal revenue is $7.

-Given the Data in the Above Table, What Is the Marginal