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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

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.

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