the figure below,which shows a linear demand curve and the associated total revenue curve,to answer the question. The marginal revenue of the 100^th unit is $_____. A)0 B)20 C)40 D)50 E)cannot tell from the information provided

Question

Quizplus · Accepted Answer

The marginal revenue can be found by looking at the slope of the total revenue curve. At the quantity where the marginal revenue is being calculated (100 units), the slope of the total revenue curve is equal to the price of the good, which is $40. Therefore, the marginal revenue of the 100th unit is $40.

The Figure Below,which Shows a Linear Demand Curve and the Associated