A firm sells units of a commodity at a price of per unit. In order to increase its sales to units, it reduces the price to per unit for all items sold. What is the marginal revenue, in Naira (), generated from selling the 9th unit?
Cevap: 14 ₦
Cevap
The marginal revenue generated from selling the 9th unit is 14 Naira.
Total revenue at 8 units is Naira. Total revenue at 9 units is Naira. Marginal revenue is the addition to total revenue from selling the 9th unit, which is Naira.
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Anahtar Kavram
Marginal Revenue Calculation under Imperfect Competition