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Sagot :
The marginal revenue of the 301 unit of output is -$75.40.
What is Marginal Revenue?
The marginal revenue refers to the amount, any company produces on each sale of their product.
300 units sell with the output for $45 per unit
301 units sell with the output for $44.60 per unit.
To calculate marginal revenue of 301 unit
[tex]= (300\times\$45) - (301\times\$44.6)\\= \$13,500 - \$13,424.6\\= -\$75.40[/tex]
So, the marginal revenue of 301 unit of output will be -$75.40
Learn more about marginal revenue refers, here:
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