Refer to the following table showing a demand schedule:

$\begin{array}{ll}
\text { Price } & \text { Quantity } \
&\text { demanded } \
\$ 200 &1000\
150 & 1400 \
100 & 1800
\end{array}$
-As output increases from 1,000 to 1,400 what is marginal revenue?
A) $25
B) $50
C) -$400
D) -$25
E) -$75

Question

Refer to the following table showing a demand schedule:

$\begin{array}{ll}
\text { Price } & \text { Quantity } \
 &\text { demanded } \
\$ 200 &1000\
150 & 1400 \
100 & 1800
\end{array}$
-As output increases from 1,000 to 1,400 what is marginal revenue?
A) $25
B) $50
C) -$400
D) -$25
E) -$75

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue divided by the change in quantity. In this case, the change in total revenue is $150,000 - $200,000 = -$50,000, and the change in quantity is 1,400 - 1,000 = 400. Therefore, marginal revenue is -$50,000 / 400 = -$125.

Refer to the Following Table Showing a Demand Schedule Price Quantity demanded $200100015014001001800\begin{array}{ll}\text { Price } & \text { Quantity } \\ &\text { demanded } \\\$ 200 &1000\\150 & 1400 \\100 & 1800\end{array} Price $200150100​ Quantity demanded 100014001800​

Refer to the Following Table Showing a Demand Schedule $\begin{array}{ll}\text { Price } & \text { Quantity } \\ &\text { demanded } \\\$ 200 &1000\\150 & 1400 \\100 & 1800\end{array}$