Calculate the marginal revenue, marginal cost, and profit for each quantity level. Fill in the data table. I really don't understand how to do this. Has an attached photo
what do you think
from google DEFINITION of 'Marginal Revenue - MR' The increase in revenue that results from the sale of one additional unit of output. Marginal revenue is calculated by dividing the change in total revenue by the change in output quantity.
this is the data i have. I honestly don't know how to even start the marginal revenue.
LOL WAIITTT i meant to put this in economics!
if i understand it correctly that means the marginal revenue from 0 to 1 is 410 from 1 to 2 is 800 - 410 = 390 from 2 to 3 is 1170-800 = 370 and so on
okay so in the first slot i type 410?
@satellite73
im going to open this question in economics.
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