If you can sell 10 computers for $1400 each or 11 computers for $1300 each, what is the marginal revenue from 10 to 11 computers?
Added by Albert L.
Step 1
Total revenue = 10 computers * $1400 = $14,000 Show more…
Show all steps
Your feedback will help us improve your experience
Suman K and 91 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
Suman K.
The cost of producing a brand of computer is given by this function C(x) = 200 + 16x + 0.1x^2, where x is the number of computers produced. If the computers sell for $500 each and 1000 are produced and sold, then what is the marginal profit? ( ) A. 100 B. 142 C. 200 D. 284
Supreeta N.
Adi S.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD