Refer to the following figure:

-The equation for marginal revenue is
A) MR = 50 -0.025Q.
B) MR = 4,000 - 2,000Q.
C) MR = 4,000 - 100Q.
D) MR = 50-160Q.
E) none of the above

Question

Refer to the following figure:
 
-The equation for marginal revenue is
A) MR = 50 -0.025Q. 
B) MR = 4,000 - 2,000Q. 
C) MR = 4,000 - 100Q. 
D) MR = 50-160Q. 
E) none of the above

Quizplus · Accepted Answer

MR = 50 -0.025Q is the equation for marginal revenue because it shows the change in total revenue that results from selling one additional unit of output.

Refer to the Following Figure