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Economics Costs

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    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 ?
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    (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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Updated: June 15, 2012
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