$$\begin{array} { c c }
\text { Output } & \text { Price } \
\hline 1 & \$ 30 \
2 & \$ 27 \
3 & \$ 24 \
4 & \$ 21 \
5 & \$ 18
\end{array}$$
-The marginal revenue that would be derived from production of the second unit would be
A)$30
B)$27
C)$24
D)$21
E)$18

Question

$$\begin{array} { c c } 
\text { Output } & \text { Price } \
\hline 1 & \$ 30 \
2 & \$ 27 \
3 & \$ 24 \
4 & \$ 21 \
5 & \$ 18
\end{array}$$
-The marginal revenue that would be derived from production of the second unit would be
A)$30
B)$27
C)$24
D)$21
E)$18

Quizplus · Accepted Answer

The marginal revenue for the second unit is the change in total revenue from selling the second unit. The first unit sells for $30, and the second unit sells for $27, so the marginal revenue is $27.

Output Price 1$302$273$244$215$18\begin{array} { c c } \text { Output } & \text { Price } \\\hline 1 & \$ 30 \\2 & \$ 27 \\3 & \$ 24 \\4 & \$ 21 \\5 & \$ 18\end{array} Output 12345​ Price $30$27$24$21$18​​

$\begin{array} { c c } \text { Output } & \text { Price } \\\hline 1 & \$ 30 \\2 & \$ 27 \\3 & \$ 24 \\4 & \$ 21 \\5 & \$ 18\end{array}$