Respuesta :
Answer:
a. Total revenue = Quntity sold * Price per unit
marginal Revenue = TRn - TRn-1
Marginal revenue by definition is the additional income received from the selling of additional unit.
therefore, marginal revenue equal the price of additional unit sold by the firm.
if marginal revenue of 10th unit produced = $41, it means the price per unit equal $41
Total revenue of 10 units = $41 * 10 = $410
Total revenue of 9 units = $41*9 = $369
b. Marginal revenue of 20th product produced = $11
Therefore, price per unit = $11
Total revenue of 20 units produced = $11*20 = $220
Explanation:
The marginal revenue will be $11 at the 20th product and the total revenue is $220.
Marginal revenue simply means the additional revenue that is generated as a result of an additional unit sold. In this case, the marginal revenue of the 10th unit is $41.
The total revenue at 9 units will be:
= $41 × 9 = $369
The total revenue at 10 units will be:
= $41 × 10 = $410
The marginal revenue will be $11 at the 20th product and the total revenue is $20 × 11 = $220.
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