Respuesta :
The marginal revenue is less than $1.09.( Marginal revenue is an excess revenue resulting from the sale of additional units of production.)
What is the formula for marginal income?
To calculate marginal revenue, a company divides the change in total revenue by the change in total output. Marginal revenue is the retail price of his one additional item sold. Below is the formula for marginal income.
Marginal income = change in income / change in quantity.
What is Marginal Income in Examples?
Example: You sell 100 shirts on Monday for $10 for $1,000. On Tuesday, he will sell 110 shirts for $1,100. The difference in earnings between Monday and Tuesday is $100. $100 marginal revenue.
Why is Marginal Income Important?
Marginal revenue is important because it measures the increase in revenue from selling more products or services. Marginal revenue follows the law of diminishing returns. The law is that each increase in production results in a smaller increase in production.
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