Question
1. The marginal revenue associated with the 3rd unit is? 2. The total revenue associated with the 5th unit is? 3. The marginal revenue associated
1. The marginal revenue associated with the 3rd unit is?
2. The total revenue associated with the 5th unit is?
3. The marginal revenue associated with the 6th unit is?
4. The total revenue associated with the 9th unit is?
| Q(SALES) | Total Revenue | Marginal Revenue |
| 0 | 0 | 0 |
| 1 | 15 | 15 |
| 2 | 28 | 13 |
| 3 | 40 | |
| 4 | 50 | 10 |
| 5 | 5 | |
| 6 | 57 | |
| 7 | 55 | -2 |
| 8 | 50 | -5 |
| 9 | -10 | |
| 10 | 28 | -12 |
Step by Step Solution
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
