Question

If a seller gets Rs.6000 by selling 50 units and Rs.7500 by selling 65 units, his marginal revenue is _________.

Answer 1

Answer:

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Answer 2

100

Explanation:

In microeconomics, marginal revenue (or marginal benefit) refers to the increased total income gained by increasing product sales by one unit.

The difference between the aggregate advantages a firm gained from the quantity of a good or service produced previous period and the current period with one extra unit increase in the rate of production is used to calculate the value of marginal revenue.

$MP =\frac{7500-6000}{65-50} = \frac{1500}{15} = 100$