. What is the marginal revenue obtained from selling the 4th unit?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Answer question 49
QUESTION 49
The following table of data represents a business in operation. What is the marginal revenue obtained from selling the 4tn unit?
Output
3
4
5
6
Total Revenue 0
50
90
120
140
150
150
140
120
Total Costs
10
30
55
85
120
160
205
255
310
O A. £60
O B. E140
O C. E35
O D.E20
Transcribed Image Text:QUESTION 49 The following table of data represents a business in operation. What is the marginal revenue obtained from selling the 4tn unit? Output 3 4 5 6 Total Revenue 0 50 90 120 140 150 150 140 120 Total Costs 10 30 55 85 120 160 205 255 310 O A. £60 O B. E140 O C. E35 O D.E20
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