Based on the table below what is the marginal revenue of the 14^th unit of output? A) $0.25 B) $46.00 C) $46.50 D) $49.75

Name: Based on the table below what is the marginal revenue of the 14 th unit of output? A) $0.25 B) $46.00 C) $46.50 D) $49.75
Brand: Quizplus
Rating: 4.7 (30 reviews)

Question

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue when one more unit is sold. In this case, the change in total revenue between selling the 13th and 14th unit is $46.50 ($929.50 - $883). Therefore, the marginal revenue of the 14th unit is $46.50.

Based on the Table Below What Is the Marginal Revenue