XYZ Computer Company has a monopoly on the sale of a specialized color printer. If it sells two of these printers, its total revenue is $1,000 and if it sells three, its total revenue is $1,300. The marginal revenue of the third color printer sold is

A) $100.
B) $150.
C) $300.
D) $1,300.

Question

Chris Samis · Accepted Answer

Final Answer : C, Explanation :  Marginal revenue is the additional revenue generated from selling one more unit of a good or service. In this case, selling the third printer increases total revenue from $1,000 to $1,300, so the marginal revenue of the third printer is $1,300 - $1,000 = $300.

XYZ Computer Company has a monopoly on the sale of a specialized color printer. If it sells two of these printers, its total revenue is $1,000 and if it sells three, its total revenue is $1,300. The marginal revenue of the third color printer sold is

A) $100.
B) $150.
C) $300.
D) $1,300.

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Learning Objectives

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XYZ Computer Company has a monopoly on the sale of a specialized color printer. If it sells two of these printers, its total revenue is $1,000 and if it sells three, its total revenue is $1,300. The marginal revenue of the third color printer sold isA) $100.B) $150.C) $300.D) $1,300.

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Learning Objectives

Learning Objectives

Related questions

XYZ Computer Company has a monopoly on the sale of a specialized color printer. If it sells two of these printers, its total revenue is $1,000 and if it sells three, its total revenue is $1,300. The marginal revenue of the third color printer sold is

A) $100.
B) $150.
C) $300.
D) $1,300.