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What Is the Marginal Revenue of Producing the Third Unit

Question 61

Multiple Choice

What is the marginal revenue of producing the third unit?

 No. Units Produced  Total Revenue Total Costs 0001100502180110325018042902705310380\begin{array} { c c c } \text { No. Units Produced } & \text { Total Revenue } & \text {Total Costs } \\0 & 0 & 0 \\ 1 & 100 & 50 \\ 2 & 180 & 110 \\ 3 & 250 & 180 \\ 4 & 290 & 270 \\ 5 & 310 & 380 \end{array}


A) 250
B) 70
C) 0
D) 90

Correct Answer:

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