Suppose Morrisville DSL sells internet service to 10,000 households at a price of $45/month (Total Revenue =
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Question:
Suppose Morrisville DSL sells internet service to 10,000 households at a price of $45/month
(Total Revenue = $450,000) TR = Total Revenue.
Also suppose they knew they can add 1000 customers if they cut their price by $2/mo.
(TR = $43 x 11,000 = $473,000) TR = Total Revenue
Please figure MARGINAL REVENUE and show step by step work.
PROFESSOR SAYS ANSWER IS $23,000. I AM GETTING $23.
PLEASE EXPLAIN ANSWER STEP-BY-STEP
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