Table 15-7
Sally owns the only shoe store in town. She has the following cost and revenue information.
-Refer to Table 15-7. What is the marginal revenue from selling the 2nd pair of shoes?
A)$140
B)$150
C)$160
D)$170

Question

Table 15-7
Sally owns the only shoe store in town. She has the following cost and revenue information. 
-Refer to Table 15-7. What is the marginal revenue from selling the 2nd pair of shoes?
A)$140 
B)$150 
C)$160 
D)$170

Quizplus · Accepted Answer

The marginal revenue is the change in total revenue from selling one more unit. If the first pair sells for $150 and the second pair sells for $140, the marginal revenue from the second pair is $140.

Table 15-7 Sally Owns the Only Shoe Store in Town. She Has