-Refer to Table 9-1. What is the marginal revenue from the sale of the 12th unit?
A) $75
B) $50
C) $20
D) -$5

Name: -Refer to Table 9-1. What is the marginal revenue from the sale of the 12th unit? A) $75 B) $50 C) $20 D) -$5
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Question

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue from selling one more unit. If the 12th unit increases total revenue by $20 compared to the 11th unit, then the marginal revenue is $20.