Table 14-7
Sally owns the only shoe store in town.She has the following cost and revenue information.

-Refer to Table 14-7.What is the marginal revenue from selling the 2nd pair of shoes?
A) $140
B) $150
C) $160
D) $170

Question

Table 14-7
Sally owns the only shoe store in town.She has the following cost and revenue information.
 
-Refer to Table 14-7.What is the marginal revenue from selling the 2nd pair of shoes?
A) $140 
B) $150 
C) $160 
D) $170

Quizplus · Accepted Answer

Marginal revenue is the additional revenue from selling one more unit. If the revenue from selling the first pair is $150 and the second pair is $290, the marginal revenue for the second pair is $290 - $150 = $140.

Table 14-7 Sally Owns the Only Shoe Store in Town.She Has the Has