Economics Costs
If a reduction in price of good A from $ 30 to $ 20 leads to a rise in the amount sold from 100 to 150 units, what would be the Marginal Revenue ?
Original post by 6002
If a reduction in price of good A from $ 30 to $ 20 leads to a rise in the amount sold from 100 to 150 units, what would be the Marginal Revenue ?
Difference in price x difference in units sold
10 x 50 =$500
I haven't studied this but I think its a fairly safe bet
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