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Your average and marginal cost is $300. You charge $500 and serve 1,000 customers. You forecast sales of 1,200 at a price of $450.Marginal revenue is $450.Marginal revenue is larger than marginal cost.Cutting the price to $450 will increase profits.None of the above

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Your average and marginal cost is $300. You charge $500 and serve 1,000 customers. option [D] None of the above is the correct answer.

How do you determine the marginal cost in an ideal market?

By dividing the overall change in the cost of manufacturing additional items by the change in the number of goods produced, it is determined.

The marginal cost in economics is the variation in total production costs that results from creating or producing one more unit. Subtract the change in production costs from the change in quantity to determine marginal cost.

Therefore, When a corporation sells one more unit of output, it makes a profit. This is known as marginal profit.

Learn more about marginal cost from the given link.

https://brainly.com/question/15583202

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