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A monopolist can sell 300 units of output for $50 per unit. Alternatively, it can sell 301 units of output for $49.60 per unit. The marginal revenue of the 301st unit of output is

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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