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Use total revenue to calculate marginal revenue for a monopolist Question Calculate marginal revenue for Q = 7. Quantity (Q)

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Answer #1

Ans.

Quantity ( Q ) Total Revenue ( TR ) Marginal Revenue ( MR )
1 200 200
2 500 300
3 900 400
4 1200 300
5 1400 200
6 1500 100
7 1400 -100
8 1300 -100

Working Note:

Marginal Revenue ( MR ) = Change in Total Revenue (TR)/Change in Quantity ( Q)

When Q = 7, The marginal revenue (MR) is ( - $100 ).

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