Bennie’s Radiator Shop has installed a new machine that increases production by 200 units. Each unit sells for $30. What is the marginal revenue product of the new machine? a.$6…

Question

asked Oct 23, 2021 27.2k views

1 Answer

Jayesh Chitroda · Answer 1 · 2021-10-27T09:45:19+0000

Answer:

b.$30

Step-by-step explanation:

Marginal revenue is change in revenue by increasing output by one unit.

Therefore, the marginal revenue is $30

I hope my answer helps you