Question

If the total revenue realised from sale of 10 fans is rupees 2000 and that from sale of 14 fans is 4000 what is the marginal revenue

Answer 1

the marginal revenue from selling one additional fan is 500. To find the marginal revenue, you need to determine the change in revenue that results from selling one additional unit of the product.

Here are the steps to find the marginal revenue in this case:

• Determine the total revenue from the sale of 10 fans and the total revenue from the sale of 14 fans. In this case, the total revenue from the sale of 10 fans is 2000 and the total revenue from the sale of 14 fans is 4000.

• Subtract the total revenue from the sale of 10 fans from the total revenue from the sale of 14 fans to find the change in revenue. In this case, the change in revenue is 4000 - 2000 = 2000.

• Divide the change in revenue by the change in the number of units sold to find the marginal revenue. In this case, the change in the number of units sold is 14 - 10 = 4. So, the marginal revenue is 2000/4 = 500.

Therefore, the marginal revenue from selling one additional fan is 500.

To learn more about marginal revenue from the given link.

https://brainly.in/question/31764173

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