Table 8-1
A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 8-1.
-Refer to Table 8-1.What is the marginal revenue from the sale of the 12th unit?

Question

Table 8-1
  A monopoly producer of foreign language translation software faces a demand and cost structure as given in Table 8-1.
-Refer to Table 8-1.What is the marginal revenue from the sale of the 12th unit?

Quizplus · Accepted Answer

Marginal revenue is the additional revenue from selling one more unit. If the 12th unit increases total revenue by $20, then the marginal revenue is $20.

Table 8-1 a Monopoly Producer of Foreign Language Translation Software