Table 15-7Sally owns the only shoe store in town. She has the following cost and revenue information.COSTSREVENUESQuantityProduced(S)(pairs)MarginalCostМarginalRevenueTotal CostQuantityDemandedPrice(S/unit)TotalRevenue10017011401160184150230314028041303355120395110475710056590Refer to Table 15-7. What is the marginal revenue from selling the 4th pair of shoes?O a. $100O b. $600C. $625O d. S6602.2.4)

Marginal revenue is the change in totfal revenue to the changes in price.

Answered: 184 2 150 3 230 3 140 280 4 130 5 335 5…

184 2 150 3 230 3 140 280 4 130 5 335 5 120 395 6 110 7 475 100 565 90 Refer to Table 15-7. What is the marginal revenue from selling the 4th pair of shoes? O a. S100 b. $600 OC $625 Od. S660

ENGR.ECONOMIC ANALYSIS

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Chapter1: Making Economics Decisions

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Table 15-7
Sally owns the only shoe store in town. She has the following cost and revenue information.
COSTS
REVENUES
Quantity
Produced
(S)
(pairs)
Marginal
Cost
Мarginal
Revenue
Total Cost
Quantity
Demanded
Price
(S/unit)
Total
Revenue
100
170
1
140
1
160
184
150
230
3
140
280
4
130
335
5
120
395
110
475
7
100
565
90
Refer to Table 15-7. What is the marginal revenue from selling the 4th pair of shoes?
O a. $100
O b. $600
C. $625
O d. S660
2.
2.
4)

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