9 course ECON TI 9 2018 Midterm TI Lecture 10pchf Q c aprer

9 course: ECON TI 9 2018 Midterm TI Lecture 10pchf Q c aprer 12 Flesi T 5uppose A Farm. E onomic prtit. a él 4 Course Home @ Do Homewor(- \' e Economics que × ayu-A × × ?secure https//www.mathxl.com/Student/PlayerHomework.aspx?homeworkid=488667075&ouestionid-;?&flushed-false;&cld-5016264;&centervin-yes; Toshibe a http://feed helperb G Google D olslaap G JI M > ? d b 10 D .ci ? ? 1 ws meintenance engin English \\ Engi an 2? sj Regina Y Use monitorin a se. Dictionary.com I Fi ProQu \" w u Mohammmed Almohammed6/22/18 7:13 AM Homework: Assignment #10 Score: 0 of 1 pt Concept: Marginal Revenue 11 of 17 (9 complete) Hw Score: 52.94%, 9 of 17 pts Question Help * Consider the dsily demand for calzone at a local Ilalian restaurant, providec in the table below. The number of ca zones demanded at varicus prices in tha table is also iustrated in the graph to the right. Firs:, calcuatn the marginal revenua for saling ca zone in tha table. Enor numaa rasoss using intngars) Quantity Price Total Revenue Marginal Revenue 14 26 36 13 12 10 50 54 Quanlity of Calecnes Enter your answer in the edit felds and then click Check Answer. Clear All Check Answer

Solution

Q TR MR

0 0

1 14 14

2 26 12

3 36 10

4 44 8

5 50 6

6 54 4

Marginal revenue (MR) is the change in the total Revenue (TR) as an extra unit of output is produced. The last column in above table shows just that. That is, when quantity demanded changes by 1 unit, then by how much Total Revenue changes .