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The price elasticity of toy cars that you sell is 4 . 0 0 [ negative 4 ] ; you currently charge a price of

The price elasticity of toy cars that you sell is 4.00[negative 4]; you currently charge a price of $5.00 and marginal cost of toy cars is $3.00. Calculate the marginal revenue from the given information.
a.
$4.25
b.
$4.50
c.
$5.00
d.
$2.25
e.
$4.00
f.
$2.75
g.
$3.00
h.
$3.50
i.
$2.50
j.
$3.25
k.
$4.75
l.
$3.75

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