Calculate the Marginal Revenue when output rises from 100 to 250 pounds.

| Total Output (Q) (Pounds) | Price per Pound ($) | Total Revenue ($) | Marginal Revenue ($) |
|--------------------------|--------------------|-------------------|----------------------|
| 0 | 2.00 | 0.00 | - |
| 100 | 2.00 | 200.00 | |
| 250 | 2.00 | 500.00 | |
| 320 | 2.00 | 640.00 | |
| 380 | 2.00 | 760.00 | |
| 420 | 2.00 | 840.00 | |
| 430 | 2.00 | 860.00 | |
| 390 | 2.00 | 780.00 | |

Calculate the Marginal Revenue for the change from 100 to 250 pounds.

Marginal Revenue (MR) is the additional revenue gained from selling one more unit of a product. To calculate MR, we need to find the change in total revenue and divide it by the change in output. In this case, when the output rises from 100 to 250 pounds, the change in total revenue is $500.00 - $200.00 = $300.00. The change in output is 250 - 100 = 150 pounds. Therefore, the Marginal Revenue is $300.00 / 150 pounds = $2.00/pound.

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aimanmonisha aimanmonisha · Answer 2 · 2025-03-05T12:39:33-05:00

Final answer:

The marginal revenue when output rises from 100 to 250 pounds is $300.00.

Explanation:

To calculate the marginal revenue when output rises from 100 to 250 pounds, we need to find the difference in total revenue between these two levels of output.

From the given information, we can see that the total revenue at 100 pounds of output is $200.00 and the total revenue at 250 pounds of output is $500.00.

To find the marginal revenue, we subtract the total revenue at 100 pounds from the total revenue at 250 pounds:

$500.00 - $200.00 = $300.00

Therefore, the marginal revenue when output rises from 100 to 250 pounds is $300.00.

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