![support Question 34 1 pts Workers per day Total Product MRP 0 0 - 1 20 Product Price $100 $95 $90 $85 2 30 3 38 4 42 [A] [B]](http://img.homeworklib.com/questions/30ec9180-e493-11ea-a0eb-ebea32acff96.png?x-oss-process=image/resize,w_560)
Homework Answers
For calculating marginal revenue we need to calculate Total revenue( tr) = total product × product price
Marginal revenue = tr n - trn-1
| Workers per day | total product | product price | total revenue* | marginal revenue |
| 0 | 0 | 100 | 0 ( 0× 100) | - |
| 1 | 20 | 95 | 1900 ( 20×95) | 1900- 0= 1900 |
| 2 | 30 | 90 | 2700 | 2700 - 1900= 800 |
| 3 | 38 | 85 | 3230 | 3230 -2700= 530 |
| 4 | 42 | 80 | 3360 | 3360- 3230= 130 |
| 5 | 44 | 75 | 3300 | 3300- 3360 = - 60 |
Hence marginal revenue of 4th worker is 130. Option( cc)
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