[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 ?

[GeorgeMills]

(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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