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Bennie’s Radiator Shop has installed a new machine that increases production by 200 units. Each unit sells for $30. What is the marginal revenue product of the new machine? a.$6,000 b.$30 c.$170 d.$200
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Bennie’s Radiator Shop has installed a new machine that increases production by 200 units. Each unit sells for $30. What is the marginal revenue product of the new machine? a.$6,000 b.$30 c.$170 d.$200 units Insufficient data

User Sms
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4 votes

Answer:

b.$30

Step-by-step explanation:

Marginal revenue is change in revenue by increasing output by one unit.

Therefore, the marginal revenue is $30

I hope my answer helps you

User Jayesh Chitroda
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