Answered

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A fuel company can sell 8 units of product at a selling price of $450. however, at a selling price of $445 the company can sell 9 units. what is the marginal revenue that is derived from selling the ninth unit

Sagot :

Parrain

Based on the selling price of the 8 units and 9 units, the marginal revenue from selling the ninth unit is $405.

What is the marginal revenue when the 9th unit is sold?

This can be found as:

= Revenue from selling 9th unit - Revenue from selling 8th unit

Solving gives:

= (9 x 445) - (8 x 450)

= 4,005 - 3,600

= $405

Find out more on marginal revenue at https://brainly.com/question/10822075.

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