-In Exhibit I-1, the marginal revenue of the twelfth unit equals
A) $7
B) $18
C) $216
D) $1
E) $19

Name: -In Exhibit I-1, the marginal revenue of the twelfth unit equals A) $7 B) $18 C) $216 D) $1 E) $19
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Question

-In Exhibit I-1, the marginal revenue of the twelfth unit equals
A) $7 
B) $18 
C) $216 
D) $1 
E) $19

Quizplus · Accepted Answer

Marginal revenue is the additional revenue that a company earns by selling one more unit of a product. If the marginal revenue of the twelfth unit is $7, it means that selling the twelfth unit increases the total revenue by $7.

-In Exhibit I-1, the Marginal Revenue of the Twelfth Unit