What is the marginal revenue of producing the third unit?

$\begin{array} { c c c }
\text { No. Units Produced } & \text { Total Revenue } & \text {Total Costs } \
0 & 0 & 0 \
1 & 100 & 50 \
2 & 180 & 110 \
3 & 250 & 180 \
4 & 290 & 270 \
5 & 310 & 380
\end{array}$
A) 250
B) 70
C) 0
D) 90

Question

What is the marginal revenue of producing the third unit?

$\begin{array} { c c c } 
 \text { No. Units Produced } & \text { Total Revenue } & \text {Total Costs  } \
0 & 0 & 0 \ 
1 & 100 & 50 \ 
2 & 180 & 110 \ 
3 & 250 & 180 \ 
4 & 290 & 270 \ 
5 & 310 & 380 
\end{array}$
A) 250
B) 70
C) 0
D) 90

Quizplus · Accepted Answer

Marginal revenue is the change in total revenue from selling one more unit. The total revenue from 2 to 3 units increases from 180 to 250, so the marginal revenue is 250 - 180 = 70.

What Is the Marginal Revenue of Producing the Third Unit